Story perspectives
UK Services PMI Rises, Signaling Economic Growth Ahead of Budget
11/5/2025
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Story summary
- The S&P Global UK Services Purchasing Managers' Index rose to 52.3 in October 2025 from 50.8 in September 2025, signaling growth.
- Finance Minister Rachel Reeves says the PMI strength matters ahead of the budget on 26 November 2025.
- Domestic demand is resilient and job cuts slow, while wages and input prices rise.
- Inflation is at its lowest since November 2024, and the Bank of England monitors trends as it weighs rates.
