THE private sector economy in Wales slowed in May, according to the results of a monthly snapshot released today. The headline Lloyds TSB Wales PMI Business Activity Index – a seasonally adjusted index that measures the combined output of Wales’ manufacturing and service sectors – fell to 51.0 in May, from April’s 14-month high of 53.4. A reading at the 50 mark signals no change, and although the index has now remained in positive territory for three months, the index figure for May was the w...

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