SERVICE SECTOR GROWTH UNDERPINS FASTEST RISE IN UK PRIVET SECTOR OUTPUT FOR ONE YEAR IN APRIL
UK private sector firms signaled an
increase in business activity for the third consecutive month during April and the rate of expansion accelerated to its fastest for one year.
A further r
obust rise in new order intakes added to signs of an improving economic landscape.
However, there were divergent trends by sector as
strong growth in the service economy contrasted with another fall in manufacturing production. Goods producers noted that customer destocking and efforts to cut costs had added to downward pressure on
demand, whereas service providers typically commented on
resilient consumer spending.
April data ... (
full story)
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