UK business activity falls for the first time since October 2023

From pmi.spglobal.com

UK service providers experienced a marginal downturn in business activity during April, thereby ending a 17-month period of expansion. This largely reflected a renewed downturn in order books. Export sales were particularly subdued, with total new work from abroad decreasing at the fastest pace since February 2021. Survey respondents widely commented on risk aversion and delayed spending decisions among clients in response to rising global economic uncertainty. At 49.0 in April, down from 52.5 in March, the headline seasonally adjusted S&P Global UK Services PMI® Business Activity Index was the lowest since ... (full story)