The UK private sector registered another increase in activity in March, reflecting robust performance by the service economy, flash survey results from S&P Global showed on Friday. The flash Chartered Institute of Procurement & Supply composite output index posted 52.2 in March, down from February's eight-month high of 53.1 and economists' forecast of 52.7. Nonetheless, the reading was above the 50.0 no-change mark.
"The surveys are broadly consistent with GDP growing at only a modest quarterly rate of 0.2%, but this represents a welcome expansion compared to the lack of growth seen in the second half of last year," S&P Global Market Intelligence Chief Business Economist Chris Williamson said.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.