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Evening Standard

Business

Daniel O'Boyle

'UK recession already over', economists say

United Kingdom Inflation Recession Alex Kerr

The UK’s recession appears to already be over, economists said, after the release of an influential business activity survey.

The S&P Global Flash United Kingdom ‘Flash’ PMI hit a nine-month high in February at 53.3, comfortably ahead of the 50 mark that represents stagnation. That is slightly ahead of forecasts and up from a 52.9 reading in January.

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