Mumbai, March 24 -- The latest S&P Global Flash UK PMI survey indicated that business activity expansion across the private sector gained momentum in March, driven by the fastest upturn in the service economy since August 2024. Service sector growth was bolstered by renewed improvements in both domestic and overseas sales.
In contrast, manufacturers experienced severe headwinds to demand from rising global economic uncertainty and potential US tariffs. Weak international demand resulted in the fastest decline in manufacturing export sales since August 2023. Moreover, manufacturers reported the steepest downturn in production volumes for nearly one-and-a-half years.
The headline seasonally adjusted S&P Global Flash UK PMI Composite Output ...