The S&P Global UK Composite PMI stood at 53.7 in February 2026, unchanged from January’s 17-month high but slightly below the preliminary estimate of 53.9. The reading signaled a solid expansion in private sector activity, extending the current growth streak to ten months. Manufacturing output rose at its fastest pace since September 2024, partly offsetting a marginal slowdown in services growth. However, employment fell again, marking a 17th consecutive monthly decline. Inflationary pressures eased somewhat, with both input costs and output charges rising more slowly than at the start of the year.