UK PMI services was finalized at 49.9 in December, up from November’s 47.6, but still below 50 no-change threshold. PMI Composite was finalized at 50.4, edged from from November’s 49.0.
Tim Moore, Economics Director at IHS Markit: “With a third national lockdown underway, service providers will be braced for a sustained period of subdued UK economic conditions and deferred client spending in the first quarter of this year. However, business optimism on a 12-month horizon was relatively upbeat in December and reached its highest level for almost six years, underpinned by hopes that a successful vaccine roll-out will help to deliver a strong economic rebound in the second half of 2021.”
