The S&P Global Services PMI Final for the UK rose to 52.3, marking an increase from the previous reading of 50.8. This represents a rise of 1.5 points, indicating an improvement in the services sector’s activity.
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The actual result of 52.3 surpassed the analyst estimate of 51.1, suggesting stronger-than-expected growth in the services sector. This positive surprise is likely to boost investor sentiment, particularly benefiting stocks in the services and consumer sectors. The market impact may be more sentiment-driven in the short term, as investors reassess growth prospects in light of the robust data.