UK S&P Global Services PMI Final (May) 49.3 vs. Exp. 47.9 (Prev. 52.7)
- Hospitality and transportation sectors typically commented on squeezed discretionary spending and pressure from sharply rising input costs, while professional services firms reported a setback from rising risk aversion among clients.
- Business investment spending on technology services remained a bright spot for parts of the service economy.
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