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According to the research company IHS Markit, published today, the index of supply managers (PMI) for the UK services sector in April was 52.8 (against 51.7 in March and the forecast of 53.5). A value above 50 indicates an increase in activity. Nevertheless, the PMI index of the services sector was another signal that the growth of the British economy at the beginning of the second quarter was restrained.

Earlier in the week, other disappointing macro data were published, pointing to the weak growth of the UK economy in April. So, the PMI index for the manufacturing sector, published on Tuesday, was the lowest for 17 months (53.9 against 54.8 on forecast and 54.9 in March).

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