UK service providers reported another reduction in their business activity at the start of the year largely due to subdued spending by both businesses and consumers, final results of the Purchasing Managers' survey from S&P Global revealed Friday.
The Chartered Institute of Procurement & Supply services Purchasing Managers' Index fell to 48.7 from 49.9 in the previous month.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.