09:30 AM GMT, United Kingdom - PMI Data for March:
-
S&P Global Composite PMI: actual 52.0; forecast 50.3; previous 50.5;
-
S&P Global Manufacturing PMI: actual 44.6; forecast 47.3; previous 46.9;
-
S&P Global Services PMI: actual 53.2; forecast 51.2; previous 51.0;
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe latest S&P Global Flash UK PMI survey for March revealed a mixed picture for the economy, with business activity expanding across the private sector. The service sector showed strong growth, driven by improvements in both domestic and international sales, marking the fastest upturn since August 2024.
However, the manufacturing sector faced significant challenges, including rising global economic uncertainty and potential US tariffs, leading to weak export demand and a sharp decline in production. Despite these struggles, overall private sector activity continued to grow, with the service sector helping to offset manufacturing's downturn.
After initial sharp decline following the report, GBPUSD returned back to green. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
