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Healthy UK services sector raises recovery optimism – economy

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2 years ago

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http://www.euronews.com/ Britain’s dominant services sector has recorded its strongest growth since last summer’s Olympics.

Surveys of businesses show that in April services – which account for around three-quarters of Britain’s economy – enjoyed their fourth consecutive monthly rise.

That adds to signs that the slow economic recovery may be gaining some traction

It is good news for the British government which is faced mounting criticism of its austerity programme.

Similar surveys earlier this week showed Britain’s manufacturing and construction sectors also performed better than expected last month.

The figures reinforced expectations the UK central bank, the Bank of England, will refrain from further stimulus next week, and possibly longer.

They should also help the government avoid criticism from the International Monetary Fund draws up its annual health check of Britain’s economy later this month.

*Grand figures for Ireland*

Ireland’s services sector expanded at its fastest rate in three months in April, aided by exports beyond the eurozone.

That is a boost for Irish growth prospects after weak manufacturing survey data. Ireland’s services sector accounts for 70 percent of GDP.

The NCB Purchasing Managers’ Index (PMI) of services sector activity rose to 55.2 from 52.3 in March, comfortably above the 50 line that separates growth from contraction.

In contrast to much of the eurozone, bailed-out Ireland’s economy has expanded for the last two years, but it contracted in the third quarter of 2012 and was flat in the fourth as weak external demand weighed on exports.

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Another Europe News

Europe Today: Russia targets Europe, Ceuta crisis deepens, and AfD leads polls in east Germany

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43 minutes ago

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September 5, 2026

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Europe Today: Russia targets Europe, Ceuta crisis deepens, and AfD leads polls in east Germany

Russia is actively targeting Europeans in an effort to divide EU leaders and spread fear among citizens. In Spain, PM Sánchez faces a deepening crisis after thousands of irregular migrants entered Ceuta last month, while in east Germany the far-right AfD party is projected to win a local election.

READ MORE : http://www.euronews.com/2026/09/04/europe-today-russia-targets-europe-ceuta-crisis-deepens-and-afd-leads-polls-in-east-german

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With an eye on Russia, Finland runs Europe’s largest civil defence exercise since WWII

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2 hours ago

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September 5, 2026

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With an eye on Russia, Finland runs Europe’s largest civil defence exercise since WWII

Western officials say Russia is carrying out a campaign of sabotage and disruption across Europe that has involved fires, attacking power stations and sending drones into EU airspace.

READ MORE : http://www.euronews.com/2026/09/03/with-an-eye-on-russia-finland-runs-europes-largest-civil-defence-exercise-since-wwii

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Grand Voyager | Exploring Bodrum and the Aegean Coast

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3 hours ago

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September 5, 2026

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Grand Voyager | Exploring Bodrum and the Aegean Coast

Bodrum has long been shaped by its people and its landscape. Set along Türkiye’s Aegean Coast, the region combines ancient ruins, olive groves and a reputation for luxury travel.

In partnership with Media City

READ MORE : http://www.euronews.com/2026/08/26/grand-voyager-exploring-bodrum-and-the-aegean-coast

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Uzbekistan and Azerbaijan deepen alliance with $1bn trade target and stronger Trans-Caspian links

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4 hours ago

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September 5, 2026

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Uzbekistan and Azerbaijan deepen alliance with $1bn trade target and stronger Trans-Caspian links

Presidents Shavkat Mirziyoyev and Ilham Aliyev signed a Treaty on Eternal Friendship in Tashkent and launched new projects in banking, energy, tourism and mining. The two countries will also co-host the FIFA U-20 World Cup in 2027.

READ MORE : http://www.euronews.com/2026/08/23/uzbekistan-and-azerbaijan-deepen-alliance-with-1bn-trade-target-and-stronger-trans-caspian

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Slovak government hangs in balance over EFSF

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5 hours ago

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September 5, 2026

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http://www.euronews.net/ The Slovak parliament continues to be entangled in heated debate over whether or not to support the eurozone’s EFSF rescue fund. It is the last of the eurozone’s 17 members to give its approval and failure to do so is holding up the whole plan.

But for Slovaks it is also the fate of the government that is hanging in the balance. Prime Minister Iveta Radicova has tied the EFSF decision to a vote of confidence in her cabinet.

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