The S&P Global UK Composite PMI rose to 52.2 in July 2026 from 49.3 in June, broadly matching the preliminary estimate of 52.1 and signaling the strongest expansion in private sector activity since April. The improvement was driven by renewed growth in services and the fastest increase in manufacturing output since September 2024. New business rose for the first time in three months, although employment continued to decline amid ongoing job losses in the services sector. Meanwhile, input cost inflation eased across both manufacturing and services, while output price inflation slowed to a five-month low.