Britain’s services sector rebounded in April, with growth hitting a seven-and-a-half-year high thanks to a surge of “pent-up demand” as lockdown restrictions eased further, according to figures.
The closely watched IHS Markit/CIPS Purchasing Managers’ Index (PMI) recorded a better-than-expected reading of 61 for April, up from 56.3 in March and the fastest pace of growth since October 2013.
A reading above 50 signals growth.
The reopening of shops and outdoor dining on April 12 helped firms across the sector enjoy soaring demand, while the road map for lifting lockdown further also boosted forward bookings and new projects.
May 17 is the date when indoor dining is set to be allowed, with a raft of hospitality also reopening, such as cinemas and theatres.
2021-05-06 14:35:44 GMT2021-05-06 22:35:44(Beijing Time) Xinhua English
LONDON, May 6 (Xinhua) Britain s service sector output witnessed the fastest rise in April since October 2013 as business and consumer spending rebounded significantly amid the easing of lockdown restriction, according to a joint report released here Thursday.
The purchasing managers index (PMI) Business Activity Index for the service sector surged to 61.0 in April, up from 56.3 in March, signalling the sharpest rate of output expansion for seven and a half years, revealed 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.
FTSE 100 consolidates early gains; US indices to open mostly lower
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FTSE 100 consolidates early gains; US indices to open mostly lower
The rising oil price has lifted BP and Royal Dutch Shell and they in turn have lifted the Footsie
FTSE 100 rises 58 points
US indices to open on the back foot
Oil price rise underpins Footsie s rise
US indices are expected to open mostly lower except for the narrowly-based Dow Jones 30-share index.
The Dow is tipped to edge 19 points higher to 23,132 but the more broadly-based S&P 500 is seen giving up 4 points at 4,189 while the tech-heavy Nasdaq 100 is expected to slide 20 points to 13,759p.
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FTSE 100 closes in the red, Wall Street fares no better
On the plus side, we ve got this far without rehashing the old Star Wars May the fourth joke . d oh!
FTSE 100 dips 47 points
Wall Street follows world markets lower
Ocado the weakest blue-chip
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The FTSE 100 ended Tuesday down 47 points, 0.7%, at 6,923, despite a promising start to the day. The FTSE 250 lost 167 points, 0.7%, to 22,330.
Markets have been rocked by a wave of volatility on an otherwise inconspicuous day, with sharp declines in the DAX and Treasury yields, and cryptos giving way to dollar and gold gains, IG Senior Market Analyst Joshua Mahony wrote. .Airlines have received a welcome lift as Europe moves closer to resuming non-essential travel, with the UK government expected to spell out exactly what countries fall into each category of the traffic light system. Nonetheless, the resumption of flights does bring its risks, with more infectiou
FTSE 100 closes in the red, Wall Street fares no better
Companies
Follow John on:
FTSE 100 closes in the red, Wall Street fares no better
On the plus side, we ve got this far without rehashing the old Star Wars May the fourth joke . d oh!
FTSE 100 dips 47 points
Wall Street follows world markets lower
Ocado the weakest blue-chip
5.15pm: Both sides of the Atlantic struggling
The FTSE 100 ended Tuesday down 47 points, 0.7%, at 6,923, despite a promising start to the day. The FTSE 250 lost 167 points, 0.7%, to 22,330.
Markets have been rocked by a wave of volatility on an otherwise inconspicuous day, with sharp declines in the DAX and Treasury yields, and cryptos giving way to dollar and gold gains, IG Senior Market Analyst Joshua Mahony wrote. .Airlines have received a welcome lift as Europe moves closer to resuming non-essential travel, with the UK government expected to spell out exactly what countries fall into each category of the traffic light system. Nonetheless,