Expectations were for a 52.5 print, but it turned out to be 53.5, a 1.2 pts. gains from last month.
However, a weak part of the report was a new orders index which fell to 51.4 from 53.1 in April. That was the lowest reading since December 2012, but was also a 41 consecutive month of expansion.
The pound ignores the data which is quite obvious given the fact that the Brexit referendum is around the corner.
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