- UK's services PMI declines to 50.2 in June - TDS
Market news
3 July 2019
UK's services PMI declines to 50.2 in June - TDS
Analysts at TD Securities note that the UK’s services PMI declined from 51.0 in May to 50.2 in June, joining the manufacturing and construction PMIs in coming in weaker than conesnsus.
- “Markit noted that the fall in the PMIs is consistent with a contraction of -0.1% q/q for Q2 GDP, which is just a touch stronger than our negative forecast.”
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