AI Data Insight
The UK Services PMI fell to 49.3 in May, retreating sharply from the previous 52.7 and dropping below the boom-bust line, marking its first contraction since April 2025. Under the impact of inflationary pressures and geopolitical uncertainty, new orders have declined for three consecutive months, while job losses recorded their fastest pace in several months. Institutional analysis indicates that both consumers and corporate clients have cut back on spending, casting a shadow over the UK's economic recovery prospects.