The UK’s private sector grew at its fastest rate for almost a year this month, on the back of strong growth for the country’s services industry.
The fresh economic data was a further signal that the UK’s economy gained momentum to exit the recession seen at the end of 2023, according to experts.
On Tuesday, the closely-watched S&P Global/CIPS flash UK purchasing managers’ index (PMI) reported a reading of 54 in April, up from 52.8 in March.
The flash figures, which are based on preliminary data, were the highest reading since May last year.
Any score below 50 indicates that activity is contracting, and any score above means it is growing.
Chris Williamson, chief business economist at S&P Global Market Intelligence said: “Early PMI survey data for April indicate that the UK economy’s recovery from recession last year continued to gain momentum.
“Improved growth in the service sector offset a renewed downturn in manufacturing to propel overall business growth to the fastest for nearly a year, indicating that GDP (gross domestic product) is rising at a quarterly rate of 0.4%…
