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    Home»Top News»UK Services PMI rises to 53.4 in December, better than expected
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    UK Services PMI rises to 53.4 in December, better than expected

    Henry BlackwellBy Henry BlackwellJanuary 4, 2024No Comments1 Min Read
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    UK Services PMI rises to 53.4 in December, better than expected
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    The British composite PMI, which includes services and manufacturing, rose to 52.1 from 50.7 in the same period, the highest level since June.

    The UK Services Purchasing Managers' Index (PMI) rose to 53.4 in December from 50.9 in November, reaching the highest level since June, according to final data released by S&P Global in association with CIPS this Thursday ( 4 ).

    December's firm number was 52.7 in both cases, above the preliminary reading and analysts' forecast, according to the Refinitiv consensus.

    The British composite PMI, which includes services and manufacturing, increased to 52.1 from 50.7 in the same period, hitting its highest level since June and beating the initial estimate of 51.7.

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    Gains above the 50 mark indicate British economic activity is expanding at a strong pace.

    Henry Blackwell

    Henry Blackwell is a contributor at Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. His work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism.

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