UK business activity hits eight-month high
British business activity reached its strongest level since February in October, driven by rising new orders and growing demand for artificial intelligence services. The preliminary S&P Global UK composite PMI rose to 53.1, surpassing all Reuters economist forecasts.
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United Kingdom business activity expanded at its fastest pace since February in October, driven by surging new orders and AI-related demand. The preliminary S&P Global Inc. UK Composite PMI rose to 53.1, up from September's reading of 52.0. The acceleration points to economic resilience following energy price shocks tied to the conflict in Iran.
