U.K. Final Services PMI 53.8 vs 54.3 expected

Prior 54.3.

U.K. Final Services PMI prints below expectations at 53.8 vs 54.3.

UK Composite PMI Final prints at 53 lower than forecast 53.3, prior 53.3.

U.K. service providers saw an improvement in business activity in February fueled by growth in new orders and a slight rise in employment numbers.

While the index printed slightly below expectations at 53.8, it’s still higher than it was at any point during the second half of last year. The expansionary territory above 50.0 shows there has been a rebound in business activity after last autumn’s downturn.

The GBP/USD saw a modest reaction.

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