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UK PMI Surges Amid Rising Inflation and Payroll Costs

1/27/2026

31 2 Full Breakdown

Summary

Story summary

The UK S&P Global Composite PMI rose to 53.9 in January 2026, signaling strong private-sector growth.
Employment declined due to rising payroll costs.
UK inflation rose to 3.4% year over year, aided by higher air fares and tobacco prices.
The European Central Bank maintained its rate at 2.15% amid stable conditions and potential risks.
Eurozone Composite PMI remained at 51.5, indicating modest growth and improved manufacturer sentiment.

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Story summary

The UK S&P Global Composite PMI rose to 53.9 in January 2026, signaling strong private-sector growth.
Employment declined due to rising payroll costs.
UK inflation rose to 3.4% year over year, aided by higher air fares and tobacco prices.
The European Central Bank maintained its rate at 2.15% amid stable conditions and potential risks.
Eurozone Composite PMI remained at 51.5, indicating modest growth and improved manufacturer sentiment.