UK Preliminary Services PMI rebounds to 50.2 in May vs. 50 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dipped to 45.1 in May from 45.4 in April.
The data missed the market forecast of 46 in the reported period.
Meanwhile, the Preliminary UK Services Business Activity Index jumped to 50.2 in May versus April’s 49 while bettering the expected 50 figure.
Source: fxstreet