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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