Prior 54.3Manufacturing PMI 47.1 vs 47.5 expectedPrior 47.0Composite PMI 53.3 vs 52.9 expectedPrior 52.9This should allay any recession fears about the UK economy to start the new year at least. Demand conditions continue to show an improvement but inflationary pressures remain elevated on the month. The rate of input price inflation in particular was the highest since August last year. And that's not much of a welcome development for the BOE. S&P Global notes that:“UK economic growth has accelerated in February, with the early PMI survey data pointing to the largest rise in business activity for nine months. This is by no means a one-off improvement, as faster growth has now been recorded f
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