UK Businesses Show Tentative Signs of a Turnaround, PMI Survey Suggests

British businesses might be at a turning point with the manufacturing sector showing signs of a recovery and inflation pressures receding, but caution is still weighing on firms ahead of next month's government budget, a survey showed on Friday.

The preliminary UK Composite Purchasing Managers' Index published by S&P Global, covering the services and manufacturing sectors, sped up slightly to 51.1 this month from September's 50.1 which was barely above the 50 threshold for growth.

"October's flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are...

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