Services PMI picks up from record low

Still, activity picked up a shade in May with the services Purchasing Manager’s Index (PMI) reading at 12.6, slightly better than the record 5.4 low reported in April, but still well below the 50-mark that separates contraction from expansion, according to data released by IHS Markit.

from Hindustan Times - business https://ift.tt/2Y2agvC