UK Growth Rebounds as Firms Build Up Stocks, Surprise PMI Shows

Britain’s private sector quickly bounced back from a slowdown caused by the Iran war, according to a closely watched survey that also showed firms rushing to secure supplies and price pressures mounting.

S&P Global’s purchasing managers’ index rose sharply to 52 in April from the six-month low of 50.3 previously, with any reading above 50 signaling growth.