According to Jinshi, Capital Economics economist Andrew Wishart said that the UK PMI data should bring some comfort to the Bank of England after the stronger-than-expected inflation data in April. He pointed out that the further decline in the output price difference of the service industry indicated that service industry inflation would continue to decline. This decline is consistent with the decline in service industry inflation from 5.9% in April to around 4%. As the economy slows down from the 0.6% growth in the first quarter and inflation continues to ease, the survey shows that the Bank of England will be able to push forward the first interest rate cut at its August meeting.