S&P Global Market Intelligence

S&P Global Market Intelligence is a division of S&P Global, a leading provider of financial information and analytics. It is newsworthy due to its publication of the Purchasing Managers' Index (PMI), a closely watched economic indicator that reflects manufacturing and service sector activity. Recent news articles highlight the PMI's role in assessing the UK's economic performance. Specifically, the PMI has indicated both a sharp rise in cost inflation for UK manufacturers, attributed to factors like the Middle East conflict driving up oil prices, and an acceleration in UK manufacturing growth driven by increased export orders. These PMI readings are significant because they influence expectations regarding the Bank of England's monetary policy decisions and provide insights into the overall health and direction of the UK economy.