Private sector likely to have seen strongest growth in more than 20 years - 'flash' PMI
The UK’s private sector economy is likely to have grown at its fastest pace for more than two decades amid strong levels of pent-up demand, early economic data for May suggests.
The closely-monitored IHS Markit/Cips Flash UK Composite PMI (purchasing managers’ index) came in at 62 for the month, up from a reading of 60.7 in April. Any result above 50 represents growth in output.
It suggests that the UK has seen its strongest private sector growth since the index began in 1998, on the back of a “strong” performance in both the manufacturing and services sectors.
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