UK Services PMI Jumps to 55.1

Services sector activity in the UK economy extended its rebound in the month of June, and surprised markets to the upside, services PMI jumped to 55.1 in June versus a 54.0 reading booked in June. Markets expected 54.0 last month. The survey data indicate that the economy likely grew by 0.4% in the second quarter, up from 0.2% in the opening quarter of 2018. Sterling rose against the euro on the back of the news.

mdi-tag-outline Market Watch
mdi-timer July 4th 2018 @ 6:01 pm mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-email mdi-printer
Home Page Next Story

Comments are closed