The UK service sector growth improved more-than-expected to a three-month high in May, but overall private sector activity weakened due to the contractions in manufacturing and construction, survey data from IHS Markit showed Wednesday.
The Chartered Institute of Procurement & Supply Purchasing Managers' Index for services rose to 51.0 in May from 50.4 in April. The reading was also above the forecast of 50.6.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com