The UK’s composite purchasing managers’ index (PMI), which encompasses both manufacturing and services, rose from 54.2 in January to 60.2 in February, hitting an eight-month high. according to preliminary data released this Monday (21) by IHS Markit in partnership with CIPS.
The February preview surprised analysts consulted by Wall Street Journalwhich predicted a much lower rise in the indicator, at 56.2.
The gain above the 50 mark signals that British economic activity is expanding at a stronger pace this month.
Only the UK services PMI rose from 54.1 to 60.8 over the same period, also hitting an eight-month high and beating market expectations for a rise to 55.5.
The British industrial PMI was stable from January to February, at 57.3, but the market consensus was for a drop to 56.8.
Source: CNN Brasil
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