UK Services Sector Sees Growth in January
The headline S&P Global UK Services PMI Business Activity Index registered 54.0 in January, climbing from 51.4 in December 2025, the data showed.
Services companies attributed the higher level of business activity to greater confidence among clients, the start of new projects and a post-Budget improvement in investment sentiment.
Tim Moore, economics director at S&P Global Market Intelligence, said that output growth was the fastest in five months, supported by an uplift in investment sentiment and stronger new order intakes.
However, he cautioned that services providers still reported that consumer demand was constrained by squeezed disposable incomes, while risk aversion in response to geopolitical tensions continued to hold back business spending.
"Services sector companies appear cautiously optimistic about their growth prospects for the next 12 months," he said, underlining renewed gloomy signals for the British labour market outlook as staff hiring decreased at a steeper pace in January amid firms' efforts to offset rising payroll costs.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
