FTSE 100 closes higher after survey shows UK services sector returned to growth
Briefly

The Independent highlights its commitment to quality journalism across various pressing issues such as reproductive rights and climate change, advocating for unrestricted access to their reporting. The article notes positive movements in UK stock markets despite weak US data, particularly a recovery in the services sector as indicated by PMI figures. Rob Wood from Pantheon Macroeconomics suggests UK growth is stabilizing as tariffs are revisited, which alleviates earlier economic fears. The piece underscores how financial support enables real-time reporting and analysis for a diverse audience.
At such a critical moment in US history, we need reporters on the ground... Your donation allows us to keep sending journalists to speak to both sides of the story.
The FTSE 100 index closed up 14.27 points, 0.2%, at 8,801.29... The UK composite PMI also returned to growth with a reading of 50.3 points in May, up from 48.5 in April.
Rob Wood, at Pantheon Macroeconomics, said the figures show UK growth has passed the worst as President Donald Trump walking back his more ruinous tariffs cuts the panic that took hold in April.
Unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone.
Read at www.independent.co.uk
[
|
]