Pantheon Macroeconomics - The fall in the services PMI to 53.8 in May, from 55.8 in April, is a setback for hopes that the slowdown in GDP growth in Q1 will be fleeting. Both business activity and orders rose at their slowest rates since February.

U.K. | 6 June 2017 May Services PMI Dents Second Quarter Rebound Hopes
The fall in the services PMI to 53.8 in May, from 55.8 in April, is a setback for hopes that the slowdown in GDP growth in Q1 will be fleeting. Both business activity and orders rose at their slowest rates since February.

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6 June 2017 May Services PMI Dents Second Quarter Rebound Hopes

By Samuel Tombs

The fall in the services PMI to 53.8 in May, from 55.8 in April, is a setback for hopes that the slowdown in GDP growth in Q1 will be fleeting. Both business activity and orders rose at their slowest rates since February.

Posted: 5th Jun 2017 in 'U.K.'

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