Economic Buzz: UK Services PMI Edges Higher In April

UK services Purchasing Managers Index rose to 52.8 in April from 51.7 in March, survey data from IHS Markit showed Thursday. Service sector rebounded in April following the snow disruptions seen in March, the IHS Markit/Chartered Institute of Procurement & Supply showed. Nonetheless, the reading was below the forecast of 53.5. The latest reading only signaled a moderate increase in service sector activity, with the rate of growth the second-weakest since September 2016.