
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.