2021-05-06 14:35:44 GMT2021-05-06 22:35:44(Beijing Time) Xinhua English
LONDON, May 6 (Xinhua) Britain s service sector output witnessed the fastest rise in April since October 2013 as business and consumer spending rebounded significantly amid the easing of lockdown restriction, according to a joint report released here Thursday.
The purchasing managers index (PMI) Business Activity Index for the service sector surged to 61.0 in April, up from 56.3 in March, signalling the sharpest rate of output expansion for seven and a half years, revealed a joint survey by IHS Markit, a London-based global information provider, and the Chartered Institute of Procurement & Supply (CIPS), which serves the procurement and supply profession.
4/26/2021 2:35:36 PM GMT | By Eren Sengezer
Dallas Fed Manufacturing Business Index rose sharply in April.
US Dollar Index clings to small daily gains, stays below 91.00.
The economic activity in Texas manufacturing sector expanded at a robust pace in April with the General Business Activity Index of the Dallas Fed s Manufacturing Outlook Survey rising to 37.3 from 28.9 in March. This reading beat the market expectation of 23.4 by a wide margin.
On a negative note, the Manufacturing Output Index fell to 34 from 48 in March.
Market reaction
This report doesn t seem to be having a significant impact on the greenback s performance against its rivals. As of writing, the US Dollar Index was up 0.05% on a daily basis at 90.87.
2021-04-07 13:36:08 GMT2021-04-07 21:36:08(Beijing Time) Xinhua English
LONDON, April 7 (Xinhua) Britain s service providers reported a strong rebound in business conditions during March, with activity, new orders and employment all picking up since the previous month, according to a joint report released here Wednesday.
The purchasing managers index (PMI) for the service sector rose to 56.3 in March, up sharply from 49.5 in February, signalling the fastest rate of output expansion for seven months, said the report following a joint survey by IHS Markit, a London-based global information provider, and the Chartered Institute of Procurement & Supply (CIPS), which serves the procurement and supply profession.
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