According to the latest survey released by S&P Global, the UK services sector showed signs of recovery in April 2026. The seasonally adjusted Services Purchasing Managers' Index (PMI) rebounded to 52.7 from a low of 50.5 in March, exceeding the market forecast of 52. Although the index has remained above the 50.0 expansion-contraction threshold since May 2025, the pace of expansion in April was still weaker compared with the beginning of this year.Driven by soaring fuel prices, the rate of input price inflation climbed to its highest level since November 2022 in April, indicating that inflationary pressures are intensifying sharply across the services economy. Meanwhile, weak overseas demand led to a decline in export sales, becoming the main factor dragging on overall order growth.The UK Composite Output Index rose to 52.6 in April from 50.3 in March, also above the market forecast of 52. (ad/u)
AASTOCKS Financial News