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May Services Flat, Dampened by Financial....>

UK DATA
UK DATA: May Services Flat, Dampened by Financial Slump
- UK May Services unchanged m/m vs upwardly-revised 0.1% rise in April
- UK May Services add just 0.03pp to GDP growth
- UK May financial services activity -0.2% m/m; -0.7% 3m/3m
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UK financial services continued to contract in May, failing to record 
growth in 17 consecutive months, the longest stretch since records began 
in 1997, for a cumulative decline of 3.4%. The sector contracted by 
11.0% during the financial crisis, bottoming out in Q4 of 2010. 

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