"UAE s non-oil private sector showed further signs of improvement in May, although growth slipped marginally from April s recent high. New orders were largely supported by domestic sales, as latest data signalled a slight decrease in export orders," said David Owen, economist at survey compiler IHS Markit.
UK services PMI hits 24 year high in May rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
The closely-watched IHS Markit/CIPS Purchasing Managers Index - PMI - hit 65.6 last month.
That topped the previous record of 61 set in 1994 - with anything above 50 in the index representing expansion.
Despite the stellar number, some analysts had thought it could be even higher as the economy surges after the catastrophic impact of lockdown restrictions.
The latest boost for Rishi Sunak comes after the OECD revised its forecast for UK GDP growth to 7.2 per cent this year and 5.5 per cent in 2022, hailing the success of the vaccination rollout.
However, fears are growing that the lifting of restrictions on June 21 could be delayed amid a rise in infections driven by the Indian variant.
Market ends flat as metals and financials drag
June 01, 2021
Market ended its 7-day rally on Tuesday with benchmark indices ending flat amid profit-booking.
While key indices were dragged by metals, stocks from energy, infrastructure and IT witnessed buying action. Market erased early gains to trade flat through the day despite positive global cues.
The BSE Sensex closed flat at 51,934.88, down 2.56 points. It hit an intraday high of 52,228.65 and a low of 51,808.88. The Nifty 50 lost momentum after closing at record highs for three consecutive sessions to end at 15,574.85, down 7.95 points or 0.05 per cent. It hit a new all-time high of 15,660.75 in the first half amid a volatile trading session. It hit an intraday low of 15,528.30.