The UK private sector activity expanded at a faster pace in December, led by the sharpest growth in new business in over a year, flash survey results from S&P Global revealed on Tuesday.
The composite output index rose more-than-expected to 52.1 in December from 51.2 in November. The expected level was 51.6. A reading above 50.0 indicates expansion in the private sector.
Faster rises in business activity were seen in both the manufacturing and service sectors, the survey said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.