We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Happy days: The UK's services sector outperformed expectations last month

3 17 88

The UK economy may indeed be on track to rebound in the second quarter of this year, as a closely watched index today revealed that the services sector performed better than expected in May.

The Business Activity Index for the UK's services sector, compiled by IHS Markit, rose from 52.8 points in April to 54 in May, comfortably above the consensus forecast of 52.9.

However there were clouds cast over the sunnier picture, as the rise in employment numbers and new business proved weak and cost burdens rose sharply.

Read more: UK economy looks more positive for the second quarter


© City A.M.