UK May final services PMI 52.9 vs. 52.9 expected ...Middle East

Final Services PMI 52.9 vs. 52.9 expected and 55.0 prior.Final Composite PMI 53.0 vs. 52.8 expected and 54.1 prior.Key findings:Business activity growth solid, but down from April's high. Hiring activity rises but labour market tightness a constraint. Slowest increase in prices charged for over three years.Comment:Joe Hayes, Principal Economist at S&P Global Market Intelligence, which compiles the survey, said: "The PMI survey for May showed another reasonable rate of expansion in the UK service sector. Taken in tandem with our earlier-released manufacturing survey, the PMIs imply GDP growth of around 0.3% so far in the second quarter." "Of particular interest to the immediate outlook for th

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