2021-04-07 13:36:08 GMT2021-04-07 21:36:08(Beijing Time) Xinhua English
LONDON, April 7 (Xinhua) Britain s service providers reported a strong rebound in business conditions during March, with activity, new orders and employment all picking up since the previous month, according to a joint report released here Wednesday.
The purchasing managers index (PMI) for the service sector rose to 56.3 in March, up sharply from 49.5 in February, signalling the fastest rate of output expansion for seven months, said the report following a joint survey by IHS Markit, a London-based global information provider, and the Chartered Institute of Procurement & Supply (CIPS), which serves the procurement and supply profession.
PMI services expand at a slower pace in March on surge in Covid cases
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UK service sector rebounds strongly in March ahead of lockdown easing
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by Tyler Durden
Tuesday, Apr 06, 2021 - 07:48 AM
Global stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, although US equity futures slipped as concern China is curtailing loan growth tempered optimism stoked by the U.S. economic rebound. Nasdaq underperformed as investors locked in some gains on renewed reflation concerns hopes while currency and bond markets paused for breath after a month of rapid gains in the dollar and Treasury yields. At 715 a.m. ET, Dow E-minis were down 41 points, or 0.11%, S&P 500 E-minis were down 8 points, or 0.20% and Nasdaq 100 E-minis were down 11.5 points, or 0.23%.