The UK private sector expanded sharply in February due to the swift rebound in economic conditions after disruptions caused by the Omicron variant at the turn of the year, flash survey results from IHS Markit showed on Monday.
The Chartered Institute of Procurement & Supply composite output index rose to an eight-month high of 60.2 in February from 54.2 in January. The score was forecast to rise moderately to 55.0. A reading above 50.0 indicates expansion in the private sector.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.