UK: Services PMI rose to a better-than-expected 54.3 in August – TDS

Analysts at TD Securities note that the UK Services PMI rose to a better-than-expected 54.3 in August, leaving it comfortably within its relatively narrow 2017/18 range.

Key Quotes

“Looking at the details, respondents continued to highlight difficulties hiring skilled labour, and business confidence on the year-ahead outlook dropped on the back of Brexit uncertainty.”