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Q1 Services Revised Higher, But Finance.....>

UK DATA
UK DATA: Q1 Services Revised Higher, But Finance Extends Slump
-UK Q1 Services +0.4% q/q vs +0.3% previous estimate
-UK Q1 Financial Servies -1.0% q/q, vs -0.4% previous estimate
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The dominant UK service sector recorded a stronger-than-initially 
reported increase over the first quarter, adding 0.3 percentage points 
to total growth of 0.5%. However, financial services extended into a 
multi-year slump, failing to record any growth in eight straight 
quarters, the longest stretch since comparable records began in 1997. 
Financial services have expanded in only one quarter since the vote to 
leave the European Union in June of 2016. While that's a longer calendar 
stretch than suffered during the financial crisis, the sector has 
contracted by just 4.6% since peaking in Q1 2017, less severe than the 
top-to-bottom cumulative decline of 11.0% recorded during the financial 
crisis. 
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