COVID crisis eases slightly for UK economy in May - PMIs
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LONDON (Reuters) - Britain's economy flattened out a bit this month from its nosedive in April caused by the coronavirus lockdown, but it remains in the grip of a severe contraction, a business survey showed on Thursday.An index measuring activity in the dominant services sector and in manufacturing rose to 28.9 in May's preliminary purchasing managers' index from 13.8 in April's final reading.But IHS Markit, which publishes the data, said the pace of decline remained far worse than at any point..