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S&P Global Composite PMI Flash

Name: S&P Global Composite PMI Flash
Creator: TipRanks

The S&P Global Composite PMI Flash for the UK is an early estimate of the Purchasing Managers' Index, which measures the performance of the manufacturing and services sectors. It is a key economic indicator that provides insights into business conditions, including output, new orders, and employment. This index is important as it helps gauge the health of the UK economy, influencing monetary policy decisions and impacting financial markets by affecting investor sentiment and currency valuations. A reading above 50 indicates expansion, while below 50 suggests contraction.