The UK service sector growth improved more-than-expected to a three-month high in May, but overall private sector activity weakened due to the contractions in manufacturing and construction, survey data from IHS Markit showed Wednesday.
The Chartered Institute of Procurement & Supply Purchasing Managers' Index for services rose to 51.0 in May from 50.4 in April. The reading was also above the forecast of 50.6.
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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.