Analysts at TD Securities note that UK’s June Services PMI confirmed their upside lean, as it increased to 55.1, its highest level since Oct-2017.
Key Quotes
“New work increased by the most in a year, supporting the index. Other underlying details pointed to continuing challenges in employment, largely due to difficulties in recruitment, but respondents noted a general uptick in demand for business and financial services, and warm weather helped support consumer spending.”
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