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2025-12-16 17:48:14
[UK Services Sector Continues to Expand in December] ⑴ Preliminary data showed that the UK services PMI rose to 52.1 in December from 51.3 in November, exceeding market expectations of 51.6, marking the sector's eighth consecutive month of expansion. ⑵ Business activity accelerated in December, ending a 13-month decline, driven by the largest increase in new orders in 14 months and a rebound in overseas demand. Employment, however, fell for the 15th consecutive month under continued cost pressures. ⑶ Input costs rose at their fastest pace since May, pushing prices up to their highest level since August. Backlogs rose slightly for the first time since February 2023. ⑷ Looking ahead, business confidence for the coming year strengthened to its second-highest level since October 2024, reflecting a cautiously optimistic outlook from the industry.
