UK PMI Hits Six-Month High in Early Sign of Economic Turnaround

UK PMI Hits Six-Month High in Early Sign of Economic Turnaround

Britain is showing tentative signs of shaking off the economic stagnation that has dogged its Labour government since last summer’s election victory, according to a closely watched survey.

Private sector activity in the United Kingdom, which has been stagnating for several months, returned slightly in March, according to the PMI Flash index published on Monday by S&P Global, a boon for a bad government of good economic news on the eve of crucial budget announcements. The post-United Kingdom: activity returns modestly before a expected budget speech appeared first on LesEco.ma.

UK private sector growth reaches six-month high, but recovery uncertain - Business Link Magazine

UK private-sector activity grew at its fastest rate in six months, driven by stronger performance in the services sector, according to S&P Global’s flash UK composite purchasing managers’ index (PMI). The index rose to 52 in March from 50.5 in February, surpassing analyst expectations of 51. A score above 50 signals expansion. Despite the improvement, […]

A Tale of Two Sectors: Why UK’s Economy Is Sending Mixed Signals - Commonwealth Union

(Commonwealth_Europe) Private sector output growth in the UK saw an uptick in March, reaching its highest level in six months. This growth was primarily driven by the services sector, which managed to avoid the impact of the looming second wave of trade tariffs that were expected from the administration of President Donald Trump. The services industry reported a solid performance, with increased orders both domestically and internationally. This…

Growth improves in UK and Europe, but not time to get excited yet - London Business News

The Eurozone and UK PMIs managed to improve slightly in March. but their economies remained in a weak position. The composite indexes printed at 50.4 and 52.0 respectively. That the… The post Growth improves in UK and Europe, but not time to get excited yet appeared first on London Business News

March PMIs show signs of improvement, despite looming risks - Monex Canada

The eurozone and UK flash PMIs showed some signs of improvement in March, with both economies largely shrugging off tariff risks for the time being. That said, we do think it is interesting that continental readings underwhelmed at the margin, while UK prints exceeded expectations – despite an improving fiscal situation for the former, while the latter is due to receive a spring mini-budget later this week. This divergence is seemingly front of …