Analysts at TD Securities point out that in May we saw the UK services PMI bounce back from the weather-induced weakness in March-April, and they think there’s room for further upside in June with the start of the World Cup and the warm weather.
Key Quotes
“We look for the services PMI to rise from 54.0 to 54.5 (mkt 54.0), leaving it tied for the highest reading since October.”
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