UK Business Activity Reached Key High One Year Ago as Economic Policy Debate Continues
UK business activity reached a peak in early 2025. This created a lasting policy puzzle for the Bank of England as growth signals clashed with jobs data.
Insights:
The S&P Global UK Composite Purchasing Managers Index rose to 53.9 in January 2025, marking the fastest business activity upturn for the United Kingdom 
GBsince April 2024. This reading, which climbed from 51.4 in December 2024, exceeded all forecasts in a Reuters poll of economists that had pointed to 51.5. According to S&P Global, the survey data from one year ago pointed to a quarterly rate of economic growth of around 0.4 percent, providing a significant signal for the national economy.
GBsince April 2024. This reading, which climbed from 51.4 in December 2024, exceeded all forecasts in a Reuters poll of economists that had pointed to 51.5. According to S&P Global, the survey data from one year ago pointed to a quarterly rate of economic growth of around 0.4 percent, providing a significant signal for the national economy.
