British businesses reported their busiest month in a year and consumers turned more confident, according to surveys published on Friday that added to signs of a recovery in the economy that has so far defied forecasts of a recession.
of the S&P Global/CIPS UK Composite Purchasing Mangers' Index also showed the slowest input cost inflation in over two years, but price pressures look strong enough for the Bank of England to raise rates again next month.
It is widely expected to increase borrowing costs for the 12th meeting in a row in May as it continues to grapple with an inflation rate above 10%. Consumers' expectations for Britain's economy in the next 12 months hit a 15-month high and they rated the prospects for their finances as the best since February 2022.
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