UK June Services PMI 47.1... Expected 47
[Asia Economy Reporter Choi Saeng-hye] IHS Markit and the UK Chartered Institute of Procurement & Supply (CIPS) announced on the 3rd (local time) that the June service sector Purchasing Managers' Index (PMI) was 47.1, exceeding the previous figure of 47.
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The expert forecast compiled by the Wall Street Journal (WSJ) was also 47. The index remained below the baseline of '50', which separates economic expansion from contraction.
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