UK Business Activity Improves in January

Business activity in the United Kingdom expanded at a faster pace in January, driven by a solid improvement in the services sector, according to data released by S&P Global on Wednesday.
The Services PMI Business Activity Index rose by 2.6 points month-on-month to reach 54, signaling a stronger expansion in economic activity. A reading above 50 indicates growth, reflecting improving demand conditions and increased business confidence across the sector.