Article preview: The data is in, and it looks incredibly positive for the UK services sector. According to the latest figures, the services sector grew at its fastest pace in more than twenty years last month, following the reopening of hospitality businesses for indoor trade. The latest IHS Markit/CIPS Purchasing Managers’ Index was 62.9 in May, up from 61.0 in April. An index reading above 50 indicates growth.
Eye-popping economic growth, despite uncertainty ahead
This 388-word blog post looks at the latest data from the IHS Markit/CIPS Purchasing Managers’ Index and economic growth prospects for the UK. Written on 4th June 2021.
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