UK Private Output Rises Most in 21 Months

EthereumCraftsman · 2026-02-04T10:17:32+00:00

In January 2026, the UK Composite PMI increased to 53.7, indicating significant growth in private sector output, especially in services and manufacturing. While new orders and export sales improved, rising labor costs led to faster job declines. Input cost inflation slowed, but increased demand spurred higher output charges, with positive business expectations for the future.

EthereumCraftsman

2026-02-04 10:17:32

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The UK S&P Global Composite PMI rose to 53.7 in January of 2026 from 51.4 in the previous month, revised slightly downward from the preliminary estimate of 53.9 but remaining sharply above the initial market expectations of 51.5. The result reflected the sharpest expansion in the UK private sector output, supported by both the services sector (54 vs 51.4 in December 2025), while that for manufacturers rose markedly to a 17-month high (51.8 vs 50.6). Total new orders received by the private sector rose to a third month in the last four, supported by an improvement in export sales. However, rising labor costs drove private sector job counts to fall at a faster pace. On the price front, input cost inflation slowed compared to the end of the previous year, but improving demand conditions drove output charges to accelerate. Looking forward, business activity expectations improved for a second straight month.

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