Industry Sector Weekly by Lloyds TSB

A series of business surveys this week on both sides of the Atlantic indicated only moderate levels of expansion in business activity for October, setting the tone for slower growth in corporate activity in the final quarter of the year. Surveys indicate modest expansion in the UK

A series of business surveys this week on both sides of the Atlantic indicated only moderate levels of expansion in business activity for October, setting the tone for slower growth in corporate activity in the final quarter of the year. While many of the surveys surprised analyst expectations, not least in the UK where both services and manufacturing PMIs made improvements on the previous month. Despite the improvement, activity levels remain below levels experienced earlier in the year.

Full Report