Economic Buzz: UK Manufacturing PMI Expands In May

UK manufacturing Purchasing Managers Index rose unexpectedly to 54.4 in May from a 17-month low of 53.9 in April, survey data from IHS Markit and Chartered Institute of Procurement & Supply showed Friday. The score was expected to drop to 53.5. A reading above 50 indicates expansion. The indicator has signalled growth for the twenty-second straight month.