UK January final services PMI 54.3 vs 53.8 prelim ...Middle East

Prior 53.4Composite PMI 52.9 vs 52.5 prelimPrior 52.1The headline reading is the highest in eight months as UK business activity picks up further to start the new year. Adding to the good news is that inflation pressures are seen easing and that will help the BOE if the trend continues. S&P Global notes that:"The revival in UK service sector performance gained momentum at the start of 2024, with output growth accelerating to its fastest for eight months amid stronger business and consumer spending. New orders have also rebounded this winter as receding recession risks and looser financial conditions led to greater willingness-tospend among clients. "Inflationary pressures subsided during Jan

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Last updated : 05 February 2024 clock 12:41 PM

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UK January final services PMI 54.3 vs 53.8 prelim ...Middle East

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