Published 1 hour ago • loading... • Updated 2 hours ago

UK Economy Gathers Pace but Cost Pressures Intensify, PMI Shows

On Thursday, S&P Global reported that Britain's dominant services sector grew for the second consecutive month, with the Services Purchasing Managers' Index rising to 52.5 in August from 52.1 in July.
Tim Moore, economics director at S&P Global Market Intelligence, said August data highlighted improving operating conditions as business and consumer spending gained momentum after second-quarter declines.
More firms reported increasing the prices they charge and input costs as the Bank of England monitors pricing plans to assess how Middle East energy surges will push inflation.
The composite PMI, which includes manufacturing, rose to 52.5 from 52.2, while employment decreased at the slowest pace since October 2025 as improved sales pipelines boosted hiring.
Optimism among services firms reached its highest level since February, though growth projections remain subdued amid lingering inflation concerns and geopolitical tensions from the ongoing Iran war.

Insights by Ground AI

12 Articles

UK Economy Gains Momentum In August As Cost Pressures Rise

Britain’s private sector expanded for a second month in August, led by services, but rising input and selling prices are adding to inflation concerns.

2 hours ago·New Delhi, India

Read Full Article

Globo

Lean Right

UK Services MIP Advances to 52.5 in August and Reaches Higher Level in Four Months

The UK's service sector activity accelerated in August, according to S&P Global's research. The Service Purchasing Managers Index (PMI) rose from 52.1 in July to 52.5 in August, reaching the highest level in four months and signaling a moderate expansion of the activity. Exclusive material for subscribers. To have full access, access the link of the subject and register.

2 hours ago·Rio de Janeiro, Brazil

Read Full Article