UK Preliminary Services PMI returns to expansion, with 53.3 in February UnitedKingdom Manufacturing PMI EconomicIndicator GBPUSD
Services PMI in the UK comes in at 53.3 in February, a positive surprise.The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index unexpectedly improved to 49.2 in February versus 46.8 expected and, January’s 47.0 final readout.
Meanwhile, the Preliminary UK Services Business Activity Index for February jumped to 53.3 as against January’s 48.7 final print and 48.3 expected.
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