FOREX TradingCharts.com

Financial News: UK Service Sector Logs Strong Rebound In March

UK Service Sector Logs Strong Rebound In March

04/07/2021 - 07:09:00 (RTTNews)

(RTTNews) - The UK service sector logged a strong rebound in March as activity, new orders and employment picked up from February, final data from IHS Markit showed on Wednesday.

The services Purchasing Managers' Index advanced to 56.3 from 49.5 in February. The flash reading was 56.8.

The score was above the 50.0 no-change level for the first time since October 2020. The latest reading also signaled the fastest rate of output expansion for seven months.

Survey respondents linked rising levels of activity to a recovery in business and consumer spending, while some parts of the service economy commented on a boost from higher residential property transactions in March.

The survey showed that stronger client demand and forward bookings ahead of easing lockdown measures contributed to an increase in total new work for the first time in six months.

Driven by forward bookings and improved confidence about the business outlook, job creation increased at the fastest rate since 2019.

On the price front, the survey showed that overall rate of input price inflation was the highest for nearly three years. As a result, prices charged by service providers rose at the sharpest pace since November 2017.

Finally, business expectations rose for the fifth straight month in March.

Reflecting robust rises in manufacturing and services output, the composite output index rose less than initially estimated to 56.4 from 49.6 in February. The flash score was 56.6.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Less Than Expected In April (05 hr(s), 49 min(s), 14 sec(s) ago)
(RTTNews) - After reporting a substantial rebound in U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Skyrocket To Highest Level Since June 2006 (07 hr(s), 35 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story»

U.S. Housing Starts Rebound Much More Than Expected In March (08 hr(s), 28 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story»

Malta HICP Inflation Steady At 0.1% In March (10 hr(s), 02 min(s), 14 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation remained stable in March, data from the National S ...Full Story»

Croatia Consumer Prices Rise For Second Month (11 hr(s), 08 min(s), 14 sec(s) ago)
(RTTNews) - Croatia's consumer prices increased for the second straight month in March, figure ...Full Story»

Eurozone Trade Surplus Declines In February (11 hr(s), 42 min(s), 14 sec(s) ago)
(RTTNews) - The euro area trade surplus declined in February as exports decreased amid rising impo ...Full Story»

Eurozone Inflation Rises As Estimated (11 hr(s), 55 min(s), 14 sec(s) ago)
(RTTNews) - Eurozone consumer prices increased as initially estimated in March, final data from Eu ...Full Story»

Italy Trade Surplus Declines In February (12 hr(s), 37 min(s), 14 sec(s) ago)
(RTTNews) - Italy's trade surplus decreased in February, data from the statistical office Ista ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Less Than Expected In April

04/16/2021 - 11:21 AM (RTTNews)
(RTTNews) - After reporting a substantial rebound in U.S. consumer sentiment in the previous month ...Full Story>>

U.S. Housing Starts Skyrocket To Highest Level Since June 2006

04/16/2021 - 09:35 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story>>

U.S. Housing Starts Rebound Much More Than Expected In March

04/16/2021 - 08:42 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed a substantial rebound in ...Full Story>>

Malta HICP Inflation Steady At 0.1% In March

04/16/2021 - 07:08 AM (RTTNews)
(RTTNews) - Malta's EU measure of inflation remained stable in March, data from the National S ...Full Story>>

Croatia Consumer Prices Rise For Second Month

04/16/2021 - 06:02 AM (RTTNews)
(RTTNews) - Croatia's consumer prices increased for the second straight month in March, figure ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.