LONDON, Jan. 6 (Xinhua) -- Britain saw the weakest business activity growth in December since February 2021 as the Omicron variant led to a steep fall in spending on face-to-face consumer services, escalating business uncertainty and disruptions due to staff absences, a report said Thursday.
In December, the headline seasonally adjusted IHS Markit/CIPS UK Services PMI Business Activity Index decreased sharply from 58.5 in November to 53.6, the lowest since the rebound from lockdown measures began last spring, according to the joint report by IHS Markit, a London-based global information provider, and CIPS, a British-based global procurement and supply organization.
Nonetheless, the latest reading was still above the neutral 50.0 threshold, meaning an overall increase compared to the previous month.
Among the positive aspects, job creation remained relatively strong, cost pressures eased from November's peak, and output growth expectations improved slightly, the report said.
Around 55 percent of the survey panel anticipated a rise in activity over the course of 2022, while only 10 percent forecast a decline, it noted.
"The degree of optimism has held steady since the autumn, suggesting that most businesses are forecasting only a temporary hit to demand from the Omicron variant," said Economics Director at IHS Markit Tim Moore.
Britain reported 179,756 coronavirus cases in the latest 24-hour period, bringing the total number of coronavirus cases in the country to 14,015,065, according to official figures released Thursday.
The country also reported a further 231 coronavirus-related deaths. The total number of coronavirus-related deaths in Britain now stands at 149,515. ■