UK S&P Services PMI Flash: 52.8 (Forecast 53, Previous 53.5)

  • UK private sector growth maintained in March, led by the service economy. Input cost inflation falls to a two-year low.

UK S&P PMI Flash:

Services PMI Flash: 52.8 (Forecast 53, Previous 53.5)

Mfg PMI Flash: 48.0 (Forecast 49.7, Previous 49.3)

Composite PMI Flash: 52.2 (Forecast 52.7, Previous 53.1)

March data pointed to a sustained increase in UK private sector output, largely reflecting a strong performance by the service economy. New business received by service sector companies rose at the sharpest pace for 12 months, although staff shortages acted as a constraint on growth. Manufacturing production dipped in March and was once again held back by subdued order books.

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