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UK May flash services PMI 55.1 vs 55.5 expected

UK May flash services PMI 55.1 vs 55.5 expected
Prior 55.9Manufacturing PMI 46.9 vs 48.0 expectedPrior 47.8Composite PMI 53.9 vs 54.6 expectedPrior 54.9Similar to the Eurozone economy, there is a contrast in the UK economy as well with manufacturing conditions keeping on the softer side while services activity is staying more solid. Overall, it points to a bit of slowing in growth but at least this continues to put aside worries about a recession. S&P Global notes that:“The UK economy enjoyed another month of strong growth in May, with the ex... Read More
Posted: May 23 2023, 08:30
Author Name: forexlive
Views: 092121

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