In April, the UK service industry contracted, putting pressure on economic growth.

Data released on the 6th local time showed that the UK's service industry contracted in April, dragging down the overall economic growth prospects. Analysts pointed out that the weak performance of the service industry will bring new challenges to the UK's economic recovery. The final value of the UK service purchasing managers' index published by S&P Global showed that the index fell to 49 in April, below the boom-or-bust line of 50, a significant decrease from 52.5 in March. This is the first time that the UK service industry has contracted since October 2023. The data also showed that the final value of the UK's composite PMI in April fell from 51.5 in March to 48.5, the lowest level since September 2023, indicating a slowdown in overall economic activity in the UK.