UK Economy Still Shrinking But Pace Of Decline Eases: PMI
Wednesday, 3 June 2020 15:56 WIB | ECONOMY |PMI U.K.Ekonomi inggris

Britain™s economy remained in a severe downturn in May although the pace of the slump moderated from April™s crash and some companies benefited from the easing of coronavirus lockdowns around the world, a survey showed on Wednesday.

The IHS Markit Purchasing Managers™ Index (PMI) combining Britain™s huge services sector and manufacturing rose to 30.0 from 13.8 in April, up from a preliminary May reading of 28.9.

The index for services alone was also slightly higher than the preliminary figure but at 29.0 it was the second-weakest on record after April™s crash to 13.4.

Source : Reuters

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