economy in the uk

S&P Global PMIs

United Kingdom PMI: Recovery in private sector, Red Sea crisis pushes up input costs in manufacturing

The surge in service sector activity marked the fastest pace since May of the previous year, while manufacturing production experienced its most significant decline in three months. The most recent survey also pointed to a modest resurgence in private sector employment at the beginning of 2024. This was fueled by improving demand conditions and heightened optimism regarding the business outlook.