British business enjoys surprise rebound after six-month decline

British business activity rebounded in February after six months of declining output, pointing to resilience in the UK economy, a closely watched survey showed on Tuesday.

The S&P Global/Cips flash composite purchasing managers’ index (PMI), which tracks monthly changes in manufacturing and services activity, rose to 53 this month, up from 48.5 in January. That is the highest level in eight months and well above analyst forecasts of…