UK Composite PMI Revised Slightly Higher

The UK S&P Global Composite PMI was revised slightly higher to 53.5 in August 2025 from an initial estimate of 53.0, up from 51.5 in July.

This marked the fourth consecutive month of growth and at the quickest pace since August 2024.

The expansion was largely driven by the services sector (54.2 vs 51.8 in July), which rose to a sixteen-month high, offsetting a sharper contraction in the manufacturing sector (47 vs 48).

Faster output growth was supported by a rise in new orders — the second increase in the past three months and the strongest since October 2024.

However, job shedding persisted, even as firms reported improved business activity expectations.

Several companies cited hiring freezes due to spare capacity and margin pressures from rising payroll costs.