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  • UK Manufacturing PMI jumps to 49.8 in January.
  • UK Services PMI rises to 52.9 in January.

The UK manufacturing sector activity rebounded sharply in January, the preliminary report from IHS Markit showed this Friday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to a nine-month high of 49.8 in January versus 48.9 expected and 47.5 – December’s final reading.

Meanwhile, the Flash UK Services Business Activity Index for January came in at a 16-month high of 52.9 versus December’s final readout of 50.0 and 51.0 expected.