Mumbai, April 3 -- The headline seasonally adjusted S&P Global UK Services PMI Business Activity Index registered 52.5 in March, up from 51.0 in February and the highest reading since August 2024. This was still lower than the long-run series average (54.3) and signaled only a moderate rate of expansion.
March data indicated that the rate of business activity expansion across the UK service economy gained further momentum. There were also reports of a gradual turnaround in demand conditions and a subsequent improvement in sales pipelines.
Total new work increased for the first time in 2025 to date, albeit only marginally, which was helped by a modest rebound in export orders. Despite an upturn in workloads, employment remained a weak spot...