The FX PostThe FX Post
    What's Hot

    Best 10 Crypto Trading Indicators to Choose & Make Profit

    May 26, 2022
    Diagram of growth in real estate prices. 3d illustration on white background.

    US Pending Home Sales Edged Down 3.9% in April on Rising Mortgage Rates

    May 26, 2022
    Close up of businessman hand pointing at abstract glowing grid with index and candlestick forex chart. Trade and financial data concept. Double exposure

    US Economy Shrank at 1.5% Annual Rate in Q1 of 2022

    May 26, 2022
    The FX Post The FX Post
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Best FX Post
      • Best Forex Robots
    The FX PostThe FX Post
    Home » UK Business Activity Jumped To 8-Month High as Economy Rebounded from Omicron Scare
    Forex News

    UK Business Activity Jumped To 8-Month High as Economy Rebounded from Omicron Scare

    February 21, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Businessperson resist down arrow charts from crisis Omicron Covid-19 coronavirus new. Overcoming effect to global economic. isometric vector illustration.
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    The UK economy rebounded in February, with business activity the strong since last June attributable to a recovery in consumer spending on travel, leisure and entertainment.

    • The headline composite PMI index, which measures manufacturing and services activity, rose to 60.2 from 54.2 in January, signaling an eight-month high.  
    • The survey also indicated high inflation continued in February, as higher wages, energy bills and raw material costs also led to firms’ increasing operating expenses.
    • Chris Williamson, chief business economist at Markit stated that the odds of an increasingly aggressive policy tightening have reduced, with the third consecutive rate hike looking highly likely in March.
    • The output growth in the service economy topped the growth in the manufacturing sector as the supply chain issues signaled signs of easing.

    February data signaled a sharp bounce back in service sector activity after a soft slump around the turn of the year due to Omicron variant restrictions on consumer services.

    FTSE 100 up +0.19%, GBP USD up +0.42%

    Source: IHS Markit.

    Markets are invaded by algorithms. Learn 5 tips to secure your passive income with algo-based trading systems.
    Learn more
    UK economy
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Close up of businessman hand pointing at abstract glowing grid with index and candlestick forex chart. Trade and financial data concept. Double exposure

    US Economy Shrank at 1.5% Annual Rate in Q1 of 2022

    May 26, 2022

    US Fed Likely to Hike Rates by 50 Basis Points in Upcoming Meetings-FOMC

    May 26, 2022
    3d illustration of oil pump jacks on sunset sky background. Concept of growing oil prices

    US Commercial Crude Oil Inventories Drop as Imports Fall

    May 25, 2022

    EUR/USD Forecast: Pair Advances amid Bearish DXY

    May 25, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    4  +  4  =  

    Recent Posts
    • Best 10 Crypto Trading Indicators to Choose & Make Profit
    • US Pending Home Sales Edged Down 3.9% in April on Rising Mortgage Rates
    • US Economy Shrank at 1.5% Annual Rate in Q1 of 2022
    • US Fed Likely to Hike Rates by 50 Basis Points in Upcoming Meetings-FOMC
    • BlackQueen Review: Is It a Good Robot to Buy In 2022?
    Editors Picks

    Best 10 Crypto Trading Indicators to Choose & Make Profit

    May 26, 2022

    Best 10 Ways to Earn Free Crypto & Profit Fast

    May 20, 2022

    Best 10 NFT Marketplaces

    May 17, 2022

    Best 10 Cryptocurrency Mining Platforms

    May 16, 2022
    Featured Reviews
    Pionex

    Pionex Review: Pros, Cons, Recommendations

    May 12, 2022
    TradeSanta

    TradeSanta Review: Pros, Cons, Recommendations

    May 18, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    © 2022, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.