Services & Composite PMI (May)

Interpreting the PMI surveys in the current environment is tricky, but the small rise in May’s services PMI suggests to us that activity has edged up very slightly. Nevertheless, fears over infection risks and the lasting damage caused by the lockdown mean that the recovery will be very slow going.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.