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UK PMI disappoints but the overriding.......>

UK DATA
UK DATA: UK PMI disappoints but the overriding theme in the report is Brexit
uncertainty, but stock unwinding has also helped push manufacturing lower.
Service PMI dropped to the lowest level since July 2016 (immediately after the
referendum when many responses would have been received before the vote outcome
was known). Highlights from the press release below:
- "Lower private sector output has now been recorded in two of the past three
months, with the latest survey signalling the sharpest rate of decline since
July 2016. The overall reduction in business activity reflected modest falls in
both manufacturing and service sector output."
- Manuf: "An additional drag on the headline PMI was the sharpest fall in stocks
of purchases since June 2018, which goods producers attributed to a reversal of
stock building ahead of the 31st October Brexit deadline."
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