British manufacturing and service industries have formed a rare "dual-track recovery" pattern.

The final value of the UK October Purchasing Managers' Index for the services sector reached 52.3, significantly higher than the market expectation of 51.1, and a noticeable increase from September's 50.8, indicating that the service sector has re-entered expansion territory. At the same time, the UK composite PMI rose to 52.2, also higher than the expected 51.1, marking the strongest performance since November 2024. Both manufacturing and services have improved simultaneously, forming a rare "dual revival" pattern. Business expectations for the next year have risen to the highest level since October 2024, mainly driven by growth in domestic orders and significantly improved business confidence. There are signs of stabilization in the job market: the pace of job cuts in the service industry has significantly slowed down, and the tight labor market conditions are beginning to ease.