Regno Unito Pmi Composite

The S&P Global UK Composite PMI rose to 53.8 in August of 2024 from 52.8 in the previous month, revised higher from the preliminary estimate of 53.4 and sharply above the initial market expectations of 52.9. It reflected the tenth consecutive expansion in British services activity, at the sharpest pace since April, amid upturns in both services (53.7 vs 53.5 in July) and manufacturing (52.5 vs 52.1). The aggregate level of new orders supported growth across the British private sector, with service providers expanding in line with those across Europe, while the robustness of factory demand significantly outperformed the contracting momentum for counterparts within the Eurozone. In the meantime, surveyees noted a sustained increase in employment levels. On the price front, firms reported the smallest increase in input costs since November of 2020.