Skip to main content

UK S&P Global/CPIS Flash PMIs (Nov. 2023)

The rise in the flash composite activity PMI, from 48.7 in October to 50.1 in November, is still consistent with a mild contraction in real GDP. However, activity isn’t weak enough to reduce inflationary pressures quickly. That’s why we don’t think the Bank of England will be able to cut interest rates from 5.25% until late in 2024.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access