UK PMI composite climbs to 12-month high, fragile demand and job cuts temper optimism

The UK economy showed firmer momentum in August, with Composite PMI climbing from 51.5 to 53.0, its highest in a year. Services provided the bulk of the support, rising from 51.8 to 53.6, also a 12-month high, while manufacturing slipped further into contraction at 47.3, down from 48.0. S&P Global’s Chris Williamson noted that the […]

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