UK: PMI numbers to show a sharp deterioration - TDS

Research Team at TDS, suggests that the MarkIt will publish flash UK PMIs alongside its euro area releases, and we expect the July numbers to show a sharp deterioration as post-Brexit uncertainty peaks.

Key Quotes

“We look for about 5 points off each of the manufacturing and services series, taking them to 47.1 and 47.3, respectively (consensus: 48.7 and 48.8), which would make that their biggest one-month declines in the series, though by no means does it put the levels near previous record lows.”