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S&P Global Services PMI Flash

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

The 'S&P Global Services PMI Flash' for the UK is an economic indicator that measures the activity level of purchasing managers in the services sector. It provides insights into business conditions, including new orders, employment, and prices, and is a leading indicator of economic health. A reading above 50 indicates expansion, while below 50 suggests contraction. This data is crucial for financial markets as it influences monetary policy decisions and investor sentiment regarding the UK's economic outlook.