The UK service sector continued to log strong recovery in November driven by the fastest rise in new business intakes for five months, final data from IHS Markit showed on Friday.
The Chartered Institute of Procurement & Supply services Purchasing Managers' Index dropped to 58.5 in November from October's three-month high of 59.1. The flash reading was 58.6. As a result, output growth in the final quarter of 2021 remained well on track to exceed that seen in the third quarter.
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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.