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flag UK services sector contracts for first time in 18 months, PMI drops to 49.0 due to trade tensions.

flag The UK's services sector shrank in April for the first time in 18 months, dropping to a S&P Global UK services PMI score of 49.0, down from 52.5 in March. flag This contraction is mainly due to concerns over trade tensions and recent US tariff plans, which have caused global caution and a decline in overseas business. flag Reduced workloads and cautious hiring activity were also reported.

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