UK Services PMI rises to 52.5 in August, highest in four months

The UK services sector expanded at a faster pace in August, with the S&P Global PMI rising to 52.5 from 52.1 in July, the highest level in four months. The data suggests moderate growth momentum in the UK's dominant services sector, potentially supporting the Bank of England's gradual policy normalization. The reading is a single survey print and does not yet confirm a sustained trend.