Services PMI rose to 52.6 in April, above March's 52.1 and forecast 52.0, indicating accelerated growth.
New business orders increased for a 40th consecutive month, fastest since February, driven mainly by strong domestic demand.
Export orders fell marginally for second month, while input costs rose fastest in 2026 due to higher oil and fuel prices.
Composite PMI rose to 53.1 from 51.5, second‑fastest expansion since mid‑2024, reflecting broader economic momentum.