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Evening Standard
Evening Standard
Business
Daniel O'Boyle

UK private sector grows for first time in seven months

UK private sector firms’ output increased on a month-on-month basis for the first time since July 2022, according to a survey of businesses conducted by S&P Global.

S&P’s CIPS Flash UK PMI Composite Output Index - based on a suvey of 650 manufacturers and 650 service providers - registered at 53.0 for February, the first time the figure has been above the no-change figure of 50 in more than half a year.

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