UK data shows modest recovery in service sector
Complete. Here is the key summaryUK's service PMI rose to 52.7 in April from March's 50.5, indicating moderate expansion in the service sector. The S&P Global UK PMI Composite Output Index also increased to 52.6, suggesting a recovery in output levels. However, new business intakes remain subdued, with concerns over the Middle East conflict impacting confidence. Tim Moore from S&P Global noted that while there is a modest recovery, it may be short-lived due to ongoing challenges.
UK's service PMI at 52.7 in April, up from March's 11-month low of 50.5 and signalled a moderateexpansion of service sector output. The seasonally adjusted S&P Global UK PMI Composite Output Index registered 52.6, up from 50.3 in March and indicative of a moderate upturn in output levels. The S&P Global UK Manufacturing PMI climbed to 53.7 in April...