3 Jul 2015
UK service sector gains momentum – TDS
FXStreet (Barcelona) - The TD Securities Team reviews the UK services PMI release, noting that the data today points to a solid performance post the soft May release.
Key Quotes
“The UK services sector regained momentum in June with nearly a 2-point rise in the PMI to 57.4. The details of the report were solid overall after a subdued performance in May. The new business and employment components were robust while new orders eased somewhat. Both input and output costs increased, reflecting the recent pickup in wage growth.”
Key Quotes
“The UK services sector regained momentum in June with nearly a 2-point rise in the PMI to 57.4. The details of the report were solid overall after a subdued performance in May. The new business and employment components were robust while new orders eased somewhat. Both input and output costs increased, reflecting the recent pickup in wage growth.”