UK services sector boosts PMI composite, averting recession, BoE cut premature

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<p>UK PMI Manufacturing fell from 47.2 to 46.4, below the expected 47.5. Conversely, PMI Services rose from 50.9 to 52.7, exceeding expectations of 51.0 and reaching a six-month high. This surge in services also lifted PMI Composite from 50.7 to 51.7, marking another six-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, […]</p>
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