The UK service sector rebounded at a faster-than-estimated pace in January driven by rising client demand after general election, final survey results from IHS Markit and Chartered Institute of Procurement & Supply showed Wednesday.
The services Purchasing Managers' Index rose to 53.9 in January from 50.0 in December. The reading exceeded the flash estimate of 52.9. A score above 50 indicates expansion.
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Business News
March 06, 2026 13:56 ET The week saw a drastic escalation of the war in the Middle East that raised concerns over the effect on crude oil prices and global trade. In economic news, survey data threw light on the trends in the U.S. private sector and labor market. Euro area inflation data and house price survey results in the U.K. were the highlights in Europe. In Asia, China setting its growth target for the year attracted attention.