Mumbai, March 4 -- UK businesses reported steady growth in February, according to the latest survey from S&P Global, although job losses continued as companies faced cost pressures.
The UK Services PMI Business Activity Index came in at 53.9 in February, only slightly below January's 54.0. Any reading above 50 signals growth, and February marked another solid month of expansion for the services sector. Activity has now remained in growth territory since May 2025. Firms said improving client confidence and the release of previously delayed projects helped support demand. However, some businesses noted ongoing difficulties in sectors such as leisure, hospitality and construction.
New business increased for the third month running, mainly dr...