- UK Services PMI at 58.5, Composite PMI 57.4
- CIPS/Markit: PMIs Point To Q2 Growth +0.5% q/q vs 0.4% q/q
LONDON (MNI) - UK growth strengthened in Q2, PMI data suggest, with the
dominant services sector driving increases in output.
The CIPS/Markit composite PMI rose to 57.4 in June, up from 55.8 in May
with the survey compilers saying that points to growth of 0.5% in Q2, up from
the 0.4% official outturn for Q1.
The services PMI at 58.5 pointed to marked and accelerated growth in June,
CIPS/Markit said, after having hit a five-month low of 56.5 in May.
Commenting on the data, Chris Williamson, Chief Economist at Markit warned
that growth continued to look unbalanced with services expanding far faster than
construction or industrial production.
"Hiring and in