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FEP - Economy Shows Resilience In May Thanks To Buoyant Service Sector
First Trust Europe AlphaDEX Fund
Growth was led by the service sector, which recorded its second-strongest expansion in the past eight months.
Factory output continued to be constrained by widespread supply shortages, with the Ukraine war and mainland China's lockdowns having exacerbated existing pandemic-related supply chain pressures.
Rates of increase eased in both manufacturing and services to the lowest since February, the factory sector reporting an especially marked cooling in raw material price inflation.