From Yahoo Finance: 2025-06-04 08:14:00

UK services sector bosses are optimistic post-Trump tariffs, with highest confidence levels since before. Survey shows improved sales and investment outlook despite US import tariffs at highest since 1930s. S&P Global PMI rose from 49.0 to 50.9 in May. Economy expanded by 0.7% in Q1, surpassing expectations. Services sector regained poise with increased optimism. Chief UK economist says UK growth has passed worst, Bank of England too pessimistic. Composite PMI positive for first time since March. Challenges remain with lower orders, layoffs, reduced workloads, and falling employment. Reeves’ investment pledges expected to further boost optimism and business investment.



Read more at Yahoo Finance: UK service sector confidence higher in May than since before autumn budget