UK companies rebound in March ahead of lockdown lifting - PMI

FILE PHOTO: People walk across Millennium Bridge with the City of London financial district seen behind, amid the coronavirus disease pandemic, in London, Britain, January 20, 2021. REUTERS/Hannah McKay

Two thirds of services firms, which have typically been hit hardest by the lockdowns, expected business to increase over the year ahead, the most positive reading since the end of 2006.

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The shift in percentage is just marginal compared to Feb and March. But lockdown relaxation and vaccination drive should bring in a significant change in economic growth.

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'However, the final reading was a little lower than a preliminary estimate of 56.6.' Another undershoot.

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Lifting lockdown brings surge of activity for UK companies - PMIA deluge of new orders swept through British businesses in April as the country lifted some of its COVID-19 restrictions, according to a survey on Friday that pointed to a rapid rebound for the pandemic-hit UK economy.
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