UK services and composite PMIs underwhelm economists Economics The UK service sector saw a “modest expansion” in March but economists overestimated S&P Global’s purchasing managers’ index (PMI) readings for the month. S&P Global’s latest composite PMI reading, which takes an average of manufacturing and services output for the month, came in at 51.5. The figure points to a slight expansion in UK output [...]
Los Angeles wildfires could result in $15bn US insurance losses insurance Early estimates of the wildfires engulfing Los Angeles county may rapidly deplete the catastrophe budgets of US primary insurers