Final PMI data for the UK services sector for April. Currently: 55.0; expected: 54.9; previous: 53.1.
Composite reading of 54.1 versus 54.0 expected and previous reading of 54.0.
Key comments on the data:
- Activity and new work are rising at the fastest pace in 11 months.
- Hiring remains subdued.
- Manufacturing cost inflation highest since August 2023.
UK service providers reported a solid recovery in business activity in April, supported by a renewed strengthening of order books. However, the recovery took place in a margin-maximizing environment for companies, as evidenced by weak employment and cost inflation data.
Source: S&P Global
Economic Calendar: US PPI, jobless claims and Fed speeches to bring more insight after uneventful CPI (13.08.2026)
Daily Summary: Wall Street Gains After CPI Data 📈 Gold and EURUSD Move Lower
BREAKING: US CPI in line with estimates! EURUSD muted!
Will Inflation Kill the Chances of a September Rate Hike?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
