FX.co ★ UK Private Sector Growth Holds Near 17-Month High

The S&P Global UK Composite PMI held at 53.7 in February 2026, matching January’s 17‑month high but coming in slightly below the flash estimate of 53.9. This reading indicates a solid expansion in private sector activity and extends the current growth run to ten consecutive months. Manufacturing output grew at its fastest rate since September 2024, helping to counterbalance a modest slowdown in services activity. However, employment continued to decline, posting a 17th straight monthly fall. Inflationary pressures eased somewhat, as both input costs and output prices increased at a slower pace than at the start of the year.