UK Services PMI for March Falls Short of Forecasts at 53.4

Thursday, 21 March 2024, 09:30

The UK's services Purchasing Managers' Index (PMI) for March came in slightly lower than expected at 53.4, compared to the forecasted 53.8. The Manufacturing PMI also missed expectations at 47.8, while the Composite PMI was slightly below the projected 53.1, coming in at 53.0. These figures suggest a moderate slowdown in the country's economic activity for the month of March.

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UK Services PMI March Figures:

The UK's services Purchasing Managers' Index (PMI) for March was reported at 53.4, falling slightly below the forecasted 53.8.

Key Comparisons:

Manufacturing PMI: 47.8 (expected 47.8)
Composite PMI: 53.0 (expected 53.1)

These numbers indicate a moderate slowdown in economic activity for the UK in March.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

UK Services PMI March Figures:

Key Comparisons:

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