Hopes that the economy can ride out surging inflation and a downturn on the High Street were given a boost today by a survey showing business activity at its highest level for a year.
The keenly watched S&P Global/CIPS PMI index rose from 52.2 in March to 53.9 in April, the third consecutive month of recovery. A reading above 50 points to an increase in output and suggests GDP grew during the month.
