The manufacturing PMI stayed in expansion mode, but fell to 51.6 in Aug. The services PMI eased further to 50.6 in Aug with business activity expanded at the slowest pace since Jan’24. The construction PMI fell to 45.9 in Aug, consistent with a fourth straight month of accelerating contraction. Mortgage approvals rose by 3.1% YoY in the 3mths to July. Consumer sentiment improved to 61.1 in Aug, albeit, this remains quite a low level.
