On yahooooo23 Apr 2021 11:15
The UK economy has boomed since large swathes of the country were allowed to reopen, according to new data.
IHS Markit's closely watched purchasing managers' index (PMI) showed activity is rebounding rapidly across the economy. Private sector activity grew at the fastest rate since 2013 in April, IHS Markit said, with all part of the economy growing rapidly.
"Companies are reporting a surge in demand for both goods and services as the economy opens up from lockdowns and the encouraging vaccine roll-out adds to a brighter outlook," said Chris Williamson, chief business economist at IHS Markit.
"In more than 23 years of PMI history, we have only seen one spell of faster growth than this, recorded between August and November 2013."
READ MORE: UK enjoying 'roaring' comeback as economy reopens
The latest PMI survey, published on Friday, delivered a preliminary reading of 60 for April. PMIs are given on a scale of 0 to 100, with anything above 50 signalling growth and anything below meaning contraction.
The data underscores the rosy picture of the economy that has emerged since large parts of the country were allowed to reopen earlier this month. Non-essential retail, outdoor dining and bars, and leisure facilities such as gyms were allowed to reopen across England from 12 April. Restrictions have similarly been eased across Wales.