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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK
MNI (London)
UK FINAL MAR SERVICES PMI 62.6r (FLASH 61.0); FEB 60.5
FINAL MAR COMPOSITE PMI 60.9r (FLASH 59.7); FEB 59.9
SERVICES REVISED UP 1.6 POINTS, COMP UP 1.2 POINTS FROM FLASH
- Both UK services and composite PMIs both saw substantial upwards revisions from the flash estimates.
- Services grew by 2.1 points (1.6 more than flash) and the composite reading increased by 1 point (1.2 more than the flash which saw a small contraction.
- The strong service sector recovery was due to the largest increase in business activity since the lockdown recovery in May 2021, as pandemic restrictions eased and boosted consumer demand.
- The UK service sector saw the fastest acceleration in output prices since the survey began in 1996, following suit as the Eurozone prints this morning also highlighted new record highs.
- Business optimism slumped to a 17-month low largely due to economic uncertainty surrounding the Ukraine war.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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