• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

UK Business Output Growth Falls to 15-Month Low

June 8, 2022 by Forex Winner Leave a Comment

UK Business Output Growth Falls to 15-Month Low

Source: S&P Global

Business activity in the United Kingdom slowed for the second straight month in May, marking the weakest expansion in 15 months. EWU was up 0.42%, after hours, while EZU is down 0.90% premarket.

  • The S&P Global / CIPS UK Services PMI Business Activity Index stood at 53.4 in May, lower than the 58.9 in April.
  • The latest reading is the lowest in 15 months since February 2021, reflecting the weaker business and consumer confidence during the month.
  • Confidence was hit by concerns over the economic outlook, with exceptions such as travel, leisure, and entertainment.
  • The new business expansion was the weakest since December 2021, with providers saying the higher prices impacted demand.
  • Cost inflation was the steepest since data collection started in July 1996, due to higher energy, fuel, and raw material costs.
  • Optimism declined to the weakest level since October 2020, due to concerns regarding living costs and global economic uncertainties.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

June 16, 2022

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

June 16, 2022

Footer

Forex Broker Reviews

etx capital

ETX Capital Review

June 1, 2020 By Forex Winner

forex.com

Forex.com Review

April 17, 2019 By Forex Winner

icm capital

ICM Capital Review

September 13, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure