Weak UK PMI Data Suggests Second Quarter GDP Fall

Wednesday, 4 Jul 2012 | 4:30 AM ET

"There were additional bank holidays around the Queen's Jubilee that suppressed activity in a lot of areas, it did of course boost some in relation to hotels and restaurants but the net effect was a negative one and I I don't think we should overplay that," Chris Williamson, chief economist at Markit told CNBC.