{
  "id": 2391885,
  "title": "United Kingdom: Services-led growth and price risks – Nomura",
  "url": "https://urgent.news/2026/08/21/united-kingdom-services-led-growth-and-price-risks-nomura",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T14:51:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/united-kingdom-services-led-growth-and-price-risks-nomura-202608211451"
  },
  "original_language": "en",
  "account": "The United Kingdom's economy showed strong services-led growth in August, with the composite output PMI rising to 52.5, according to Nomura's European Economics team. This growth was driven by the services sector, which offset weaker manufacturing performance. However, both composite input and output price indices climbed above February levels, suggesting that the Bank of England may need to raise interest rates in response to potential price pressures. UK consumer confidence improved to its highest level in two years, indicating a supportive environment for economic activity. Meanwhile, the manufacturing output index declined in August, while the services sector contributed to the overall increase in the composite index. Despite these positive signals, Nomura flagged upside risks if price pressures persist, as the rise in service sector price indices highlights the potential need for the BoE to raise rates.",
  "summary": "Nomura’s European Economics team highlights that UK composite output PMI rose to 52.5 in August, with services offsetting weaker manufacturing. GfK consumer confidence improved to its highest level in two years, supporting activity.",
  "key_points": [
    "UK economy grew strongly in services-led fashion in August",
    "Services sector offset weaker manufacturing performance",
    "Price indices rose above February levels, signaling potential rate hikes"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.75%",
        "url": "https://urgent.news/2026/08/21/u-k-stocks-higher-at-close-of-trade-investing-com-united-kingdom-100",
        "published": "2026-08-21T16:08:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}