The number of UK sectors reporting output growth hit a 10-month high in February, with companies indicating rising demand and spreading business optimism, according to the latest Lloyds Bank UK Sector Tracker.
In February, ten of the 14 UK sectors monitored by the tracker reported output growth. This was two more than in January (eight), the most since April 2023 (ten), and pointed to a broadening out of expansion across the UK economy, which is good news for manufacturing. Software services – which includes software consulting and…
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