Summary

• Prices have spiked higher at a rate not previously seen by the survey outside of the pandemic, suggesting inflation could rise more than many forecasters have been anticipating.
• Manufacturing output rebounded after having fallen in March for the first time in six months. Service sector growth likewise recovered, having come close to stalling in March.
• Fears of further price hikes and supply shortages have already prompted a wave of inventory building among companies.

The UK economy has gathered some renewed momentum in April after the initial impact of the war in the Middle East caused growth to stall in March, but the upturn comes with a catch. The improved rate

3.74K Followers