
UK S&P Global Service PMI (Jan) 50.8 vs. Exp. 51.2 (Prev. 51.2)
- January data highlighted a challenging business environment for UK service providers as stagflation conditions appeared to take a firmer hold at the start of the year.
- Output levels increased only marginally, while input cost inflation accelerated for the fifth month in a row to its highest since April 2024.
- Businesses widely noted sharply rising salary payments and many also felt the impact of suppliers passing on forthcoming increases in employers' national insurance contributions.
05 Feb 2025 - 09:30- Data- Source: Reuters
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