UK private sector hits 1-year high in output growth

UK private sector output grew at its fastest pace in a year in August, driven by a rise in new orders, according to S&P Global data released on Wednesday.

The seasonally adjusted UK PMI Composite Output Index climbed to 53.5, up from 51.5 in July, remaining above the 50.0 growth threshold for the fourth month in a row.

While new business expanded at its sharpest pace since October 2024, job shedding continued as some firms maintained hiring freezes amid spare capacity and rising payroll costs.

Business activity expectations, however, showed sustained improvement.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser