Business Growth Accelerates to Four Month High Amid Hot Weather Boost The UK economy has recorded its strongest growth since April, with the flash composite purchasing managers' index (PMI) reporting a reading of 52.
5 in August. This uptick is welcome news, but it's essential to consider what this means for the broader economy and whether it will persist.
The service sector is driving much of this growth, according to Chris Williamson, chief economist at S&P Global Market Intelligence.