UK businesses experienced the strongest February since May 2023 with S&P Global composite PMI rising to 53.0, while the services sector maintained growth above the 50-point threshold.

UK businesses reported their strongest month in February since May 2023, with the S&P Global composite PMI rising to 53.0 from 52.9 in January. The services sector PMI dipped slightly to 53.8 from 54.3, but remained above the 50-point threshold, indicating growth. The data suggests the economy is emerging from a short recession, though inflation pressures are expected to keep the Bank of England on alert.

March 04, 2024
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