Money Minute Tuesday 5 November: UK services sector heading for further contraction
Today's Money Minute looks ahead to the latest data on the UK services sector, plus eurozone producer prices.
As economic research group Capital Economics points out, it's worth noting that surveys have been overstating economic weakness in the UK recently.That's probably due to the Brexit-shaped cloud of uncertainty hanging over everything.That said, there's no doubt that activity across the board is slowing. Let's hope that some sort of post-election resolution can re-invigorate the economy.
In the eurozone, we get the latest reading on producer price inflation across the region. It's expected to come in broadly flat year on year.
Meanwhile, later on in the US we'll get the latest reading on sentiment in the non-manufacturing sector.September's reading was very poor, hitting a three-year low, but a rebound is expected for October.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Can the gold price rise to $6,000?Gold prices have made dramatic jumps early in 2026. Can gold keep rising, or is it becoming a victim of its own success?
-
The coastal locations where properties are losing valueProperty prices across a number of coastal hotspots plunged in 2025 - which areas are most affected?
