Economic Indications: PMI Service Index on downward trend

Back after 7 months. Found this graph (below) interesting, if simply because it reinforces the general view that many UK economic indicators are at best showing a stagnating economic picture, but more critically with this services indicator, slipping away. I’ve added red arrows to highlight a plausible 3-year downward trend, that even without the 2008-9 shock, may have been underlying this data.

In an earlier post on GDP data I suggested that the economy might only “return to the mean trend” around 2019-20, provided the system-elastic has not “snapped” and the whole thing has yet to find a new mean (or paradigm)

We’re not out of the woods yet.

Service PMI Dec 2012 line

Source Material here:

http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10559

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About Dr_JAH

Independent Researcher
This entry was posted in Analysis, GDP, Visual Economy and tagged . Bookmark the permalink.

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