The UK private sector output recovered in December driven by another solid increase in the manufacturing sector, flash survey data from IHS Markit showed Wednesday.
The IHS Markit/Chartered Institute of Procurement & Supply composite output index rose to 50.7 in December from 49.0 in November.
A score above 50 indicates expansion. But this was below economists' forecast of 51.3.
The service sector almost stagnated due to the ongoing Covid-19 restrictions on hospitality, leisure and travel businesses, while the manufacturing sector growth was driven by stockbuilding ahead of the Brexit deadline.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.