UK economy stuck in COVID slump, pace of slide eases in May - PMI

LONDON (Reuters) - Britain's economy shrank again in May as the government's coronavirus lockdown remained largely in place, but at a slower pace than April's crash.The IHS Markit Purchasing Managers' Index (PMI) hit a record low in April, and a large majority of companies reported that activity continued to fall in May, albeit on a less widespread basis than just after the lockdown began. Chris Williamson, IHS Markit's chief business economist, predicted more businesses would report a pick-up..