UK's composite PMI grows in August - Breaking The News

UK's composite PMI grows in August

4 September

1 min read

EPA-EFE/ANDY RAIN

The United Kingdom's PMI Composite Output Index came in at 53.8 in August, up from July's 52.8 and reaching its highest point since April, S&P Global's final report showed on Wednesday.

The Services PMI Business Activity Index remained above the 50-point threshold for the tenth consecutive month, amounting to 53.7 in August compared to 52.5 recorded in July. Both digits slightly beat the preliminary results.

"August data highlighted a recovery in UK service sector performance as improving economic conditions and domestic political stability helped to bolster customer demand. New business again increased at a robust pace after a lull in decision-making earlier this summer," Economics Director at S&P Global Market Intelligence Tim Moore said.

data services pmi composite

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