The UK private sector continued to expand strongly in May, though the pace of growth eased from April's one-year high as the downturn in the manufacturing sector deepened, flash survey results from S&P Global showed on Tuesday.
The flash Chartered Institute of Procurement & Supply composite output index dropped to a two-month low of 53.9 in May from 54.9 in April. The expected score was 54.6.
Nonetheless, any reading above 50 indicates expansion in the sector.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.