Euler Hermes UK Exporters' PMI
October 2008
Sharpest contraction of UK export markets since October 2001.
Key Points
> Second sharpest deterioration in UK export
market health in series history.
> Major European economies register declining
activity.
> Stagnation of United States economy.
Summary
September data pointed to a further marked deterioration in UK export markets, according to the latest research from credit insurer Euler Hermes UK, a company of Allianz.
The Euler Hermes UK Exporters’ PMI posted 47.1, representing the fourth consecutive monthly decline in UK export market activity, the longest period of contraction in nearly seven years. Moreover, the latest monthly deterioration was the second sharpest since data were first available in January 1998, and the steepest since October 2001.
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Euler Hermes Group
