{"id":312726,"date":"2026-03-04T15:11:10","date_gmt":"2026-03-04T15:11:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/312726\/"},"modified":"2026-03-04T15:11:10","modified_gmt":"2026-03-04T15:11:10","slug":"uk-february-final-services-pmi-53-9-vs-53-9-prelim","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/312726\/","title":{"rendered":"UK February final services PMI 53.9 vs 53.9 prelim"},"content":{"rendered":"<p>Prior 54.0Final Composite PMI 53.7 vs 53.9 prelimPrior 53.7<\/p>\n<p data-v-4026719d=\"\">Key findings:<\/p>\n<p>Business activity rises for tenth month running in<br \/>\nFebruary<br \/>\nNew order growth loses momentum<br \/>\nJob cuts persist amid pressure on margins from<br \/>\nrising costs<\/p>\n<p data-v-4026719d=\"\">Comment:<\/p>\n<p data-v-4026719d=\"\">Tim Moore, Economics Director at S&amp;P Global Market<br \/>\nIntelligence, said:\n<\/p>\n<p data-v-4026719d=\"\">&#8220;Business activity continued to pick up across the UK<br \/>\nservice economy in February, with growth holding close<br \/>\nto the five-month high seen at the start of 2026. Survey<br \/>\nrespondents commented on rising new business intakes<br \/>\nand improving sales pipelines. This was linked to greater<br \/>\nbusiness and consumer spending, especially in domestic<br \/>\nmarkets. Export orders were relatively subdued,<br \/>\nhowever, and the rate of expansion slipped to a three month low.\n<\/p>\n<p data-v-4026719d=\"\">&#8220;February data pointed to a solid reduction in<br \/>\nemployment numbers, despite a sustained recovery in<br \/>\nbusiness activity. Job losses reflected ongoing efforts<br \/>\nto focus on boosting productivity and mitigate sharply<br \/>\nrising input costs.\n<\/p>\n<p data-v-4026719d=\"\">&#8220;Higher payroll costs were widely cited as leading to<br \/>\na strong pace of overall input cost inflation. Greater<br \/>\nfood prices and technology costs were also reported in<br \/>\nFebruary. This contributed to another robust increase<br \/>\nin prices charged by service providers, with the pace of<br \/>\ninflation little-changed from January&#8217;s five-month high.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Prior 54.0Final Composite PMI 53.7 vs 53.9 prelimPrior 53.7 Key findings: Business activity rises for tenth month running&hellip;\n","protected":false},"author":2,"featured_media":27950,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-312726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/312726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=312726"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/312726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/27950"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=312726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=312726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=312726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}