The UK service sector contracted more than initially estimated at the end of 2020 with the downturn overwhelmingly linked to business disruptions, restrictions on trade and temporary closures due to the Covid-19 pandemic, final survey data from IHS Markit showed Wednesday.
The final IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index rose to 49.4 in December from 47.6 in November.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.