UK economy on ‘firmer footing’ amid rising services sector activity and consumer confidence – business live

The UK economy appears to be stabilizing, with a rise in services sector activity and consumer confidence. This is according to a recent PMI survey, which shows the composite index has been in expansion territory for two consecutive months. The improvement in the economy's performance is a welcome sign, especially after recent data on public finances was less than ideal.

Why it matters

The UK services sector is showing signs of growth, and consumer confidence is rising. This could lead to increased economic activity and a more stable market.

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