Global Finance News
21 Aug 2026, 10:58
UK Services Growth Accelerates in August While Manufacturing Slows
UK business activity remained in expansion territory in August, led by stronger services growth.
The S&P Global Services PMI rose to 52.8 from 52.1, beating expectations of 51.8 and signaling an acceleration in the UK's dominant services sector.
Manufacturing was softer, with the PMI falling to 51.5 from 51.9 and slightly missing the 51.6 forecast. However, the reading remained above the 50 threshold, indicating continued expansion.
Overall, the data suggest resilient UK economic activity, with stronger services helping offset some loss of momentum in manufacturing.
UK business activity remained in expansion territory in August, led by stronger services growth.
The S&P Global Services PMI rose to 52.8 from 52.1, beating expectations of 51.8 and signaling an acceleration in the UK's dominant services sector.
Manufacturing was softer, with the PMI falling to 51.5 from 51.9 and slightly missing the 51.6 forecast. However, the reading remained above the 50 threshold, indicating continued expansion.
Overall, the data suggest resilient UK economic activity, with stronger services helping offset some loss of momentum in manufacturing.
