The S&P Global Composite PMI for the UK rose to 52.2, a significant increase from the previous reading of 50.1. This 2.1-point rise indicates a notable improvement in economic activity, moving the index further into expansion territory.
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The actual PMI figure surpassed analyst estimates of 51.1, suggesting stronger-than-expected business conditions. This positive surprise is likely to boost investor sentiment, particularly benefiting sectors sensitive to economic growth, such as manufacturing and services. The market impact may be more sentiment-driven in the short term, as investors reassess growth prospects in light of this data.