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Economy And The Numbers

UK Private Sector Growth Gains Momentum On Services Activity

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The UK private sector activity posted its strongest growth in six months in December, thanks to a faster recovery in the service economy, flash survey results from S&P Global showed on Friday.

The Chartered Institute of Procurement & Supply flash composite output index rose more-than-expected to 51.7 in December from 50.7 in November. The score was seen at 50.9.

Although the score suggested the fastest rise in activity since June, the reading remained weaker than the long-run survey average.

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