The UK economy is bouncing back faster than expected as businesses report the strongest growth in activity in more than 20 years and “hordes” of shoppers splash their cash in reopened storesThe coronavirus was first detected in late 2019. Wuhan became known a.
The interim composite purchasing managers’ index rose to 62 in May, up from 60.7 in April, marking its highest reading since records began in January 1998. At the same time, the volume of retail sales in Britain rose 9.2 per cent in April against the previous monthOntario asks for COVID help — but here, the Office for National Statistics reported, more than double the 4.5 per cent expansion forecast by economists polled by ReutersThe Ontario health-care system.
Chris WilliamsonIndoor gatherings, chief business economist at IHS Markitother provinces are watching on with a mix of exhaustion and dread., which published the PMI, said the UK was “enjoying an unprecedented growth spurt”The provision of more doses o. He added that “the output and order book growth seen in May, and record level of business optimism, are consistent with GDP rising sharply in the second quarter”.
Paul Dales, chief UK economist at consultancy Capital Economics, said the data supported his view that “the recovery would be fast and full” and the economy could return to its pre-Covid peak earlier than expected.