
Services sector PMI declines to 61.2 in May
Despite falling from April level, the latest reading is still the second-strongest rate of growth in just under 13 years.
Despite falling from April level, the latest reading is still the second-strongest rate of growth in just under 13 years.
Despite the substantial uptick in new orders, staff levels in the service sector increased only marginally in April.
In January, the services PMI stood at 57.2, whereas it was 58.5 in December.