UK Data Response
CIPS Services Report (Dec.) & Credit Conditions Survey (Q4)
December’s CIPS/Markit report on services echoed the manufacturing and construction surveys already released in suggesting that the recovery regained some momentum at the very end of last year. However, we expect this to be short-lived – not least because of the prospect of continued weak bank lending, as highlighted by today’s Bank of England’s Credit Conditions Survey.
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