UK Economy Eyes Above-1% 2026 Growth as August PMI Holds at 52.5
Updated
Updated · The Guardian · Aug 21
UK Economy Eyes Above-1% 2026 Growth as August PMI Holds at 52.5
3 articles · Updated · The Guardian · Aug 21
Summary
Two straight months of PMI expansion have put the UK economy on firmer footing, with economists now expecting reasonably strong growth in the third quarter.
The August composite PMI held at 52.5—its fastest pace in four months—suggesting the economy is moving beyond the soft patch seen earlier this year.
PwC's Jake Finney said full-year GDP growth is likely to come in a little above 1%, even with rising oil prices and uncertainty from the US-Iran war.
The survey offered a positive counterpoint to weaker public-finances data earlier on Friday, reinforcing signs that domestic demand has stayed resilient.