India, June 3 -- The UK service sector contracted in May as output levels dropped for the first time in just over a year, final survey results from S&P Global showed Wednesday. The final services Purchasing Managers' Index dropped to 49.3 in May from 52.7 in April. The flash reading was 47.9.
The score registered below the 50.0 no-change level for the first time since April 2025.
"UK service sector companies signaled a reversal of fortunes in May as business activity fell into contraction after showing some resilience earlier this spring," S&P Global Market Intelligence Economics Director Tim Moore said.
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