Economic Buzz: UK business activity expands in October

Private sector activity in the United Kingdom expanded further in October, according to a preliminary report published by S&P Global on Friday.

The PMI Composite Output Index rose to 53.1 from 52.0 in September, reaching its highest level since February. The services PMI rose to an eight-month high, landing at 53.1, while the manufacturing PMI increased from 51.9 in September to 52.8 in October.

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