The UK service providers reported a steep reduction in business activity in May due to a fall in business and consumer spending amid the coronavirus, or Covid-19, pandemic, data from IHS Markit showed on Wednesday.
The final IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index advanced to 29.0 in May from 13.4 in the previous month. This was above the flash estimate of 27.8.
However, a score below 50 suggests contraction in the sector.
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