Mumbai, March 5 -- S&P Global UK Services PMI survey data indicated that the sector eked out another slight rise in output levels. New orders and staffing numbers nonetheless fell at faster rates than at the start of 2025.
The latest reduction in employment was the sharpest since November 2020, which was linked to weak demand and sharply increasing input prices. Overall cost inflation eased since January but remained much faster than seen throughout the second half of last year.
At 51.0 in February, the headline seasonally adjusted S&P Global UK Services PMI Business Activity Index was up fractionally from 50.8 in January and above the neutral 50.0 threshold for the sixteenth successive month.
However, the latest reading was well below t...