UK services PMI rebounds to 51.3 in February, a positive surprise

The UK services sector activity witnessed an unexpected upturn in the month of February, the latest survey report from Markit Economics showed this Tuesday.

The headline seasonally adjusted IHS Markit/CIPS UK Services PMI Index jumped to 51.3 in February vs. 50.1 booked in the previous month while surprising the markets to the upside (49.9 expected).