The S&P Global UK Composite PMI was at 50.5 in February of 2025, inching lower from 50.6 in the previous month and in line with the market consensus to mark the 16th consecutive period of expansion in the British private sector activity.
Economic growth was solely driven by the services sector (51.1 vs 50.8 in January), which offset a sharper decline in manufacturing (46.4 vs 48.3), in line with the similar trend in other major European economies.
The latest survey indicated the sharpest contraction in new business received by firms in one-and-a-half years, with firms citing cuts to clients' budgets and muted business investment spending.
Source: Trading Economics
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