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UAE businesses have work backlogs to clear after April 16 rains - but 'swift recovery' expected

Disruptions from April 16's unprecedented rainfall led caused work pile up ....

United Arab Emirates , Red Sea , Djibouti General , Tim Moore , Shutterstock Vijith Pulikkal , Image Credit , Purchasing Managers Index , Economics Director ,

S&P Global Canada April Services PMI 49.3 vs 46.4 in March

Canada services rebound in April but still below 50 ....

Paul Smith , Economics Director ,

Comprehensive Miss in Non-Farm Payroll Data Sends Dollar Plummeting

Dollar falls steeply in early US session following a disappointing non-farm payroll report that fell short of market expectations across key metrics including job growth, unemployment rate, and wage growth. DOW futures surge over 500 pts at the same time while 10-year yield dives through 4.5% mark. ....

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UK PMI services finalized at 55, indicating 0.4% quarterly GDP growth

UK PMI Services was finalized at 55.0 in April, marking a significant improvement from March's 53.1 and representing the highest level since May 2023. This level of activity, the highest since May 2023, signals robust growth in the sector, with activity and new work rising at the fastest rates in 11 months. Despite these positive developments, input cost inflation remains high, reaching its peak since August 2023, though the rate of staff hiring continues to be subdued. ....

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UK Final April S&P Global Services PMI 55.0 vs. 54.9 expected

The final reading on the UK Services PMI for April. ....

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