Forex and other markets news
23.05.2023, 15:45
UK PMI drops in May
UK PMI drops in May
Purchasing Manager's Index (PMI) for UK manufacturing from S&P Global/CIPS fell to 46.9 in May, compared with the 48.0 expected by analysts. and the final figure of 47.8 in April.
Meanwhile, the primary services PMI slipped to 55.1 in May, compared with the final 55.9 in April and the 55.5 expected by analysts.
The composite PMI for primary manufacturing and services fell to 53.9 in May from 54.9 in April, the highest level in one year. But it is still above 50 for the fourth month in a row, indicating business expansion.
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