UK's September services PMI to bounce

UK's August PMI showed a fall of 2.4 points in orders which led to a 1.8 point fall in output (the services PMI is an output index). Moreover, backlogs of outstanding business also fell. 

However, business expectations were more stable with only a minor decrease of 0.2 points. 

"The underlying business conditions remain firm and so both the orders and the PMI are expected to rebound somewhat in September. The PMI should rise from 55.6 to 56.5", says Societe Generale.