UK services firms see sharpest cost rise since late 2022
UK services costs rose at the fastest pace since 2022 as the Iran war pushed up fuel prices. The S&P Global PMI hit 52.7 in April despite weak demand.
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United Kingdom services firms reported the sharpest input cost acceleration since late 2022 as the April PMI rose to 52.7. The reading climbed from 50.5 in March, exceeding the initial 52.0 estimate for the month. Rising fuel and salary pressures drove concerns about potential interest rate hikes.
