UK business activity strongest since June, led by travel and leisure; prices surge – as it happened | Business

The sharp rise in the composite PMI in February, to its highest level since June, suggests that the U.K. economy is rebounding from Omicron at a fair clip. The PMI was well above its average level in the second half of 2021—56.3—when GDP rose by 1.0% in both Q3 and Q4. The rise in the composite PMI largely reflected a jump in the services PMI to an eight-month high. In addition, the…

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