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The United Kingdom’s S&P Global Services PMI registered 52.0 in March, surpassing the consensus estimate of 50.0. This marks an increase from February’s reading of 50.5, indicating a 1.5-point rise month-over-month. The latest figure signals a return to stronger expansion in the UK services sector, as any reading above 50 denotes growth. The improvement was primarily driven by a rebound in new business volumes and stronger client demand. March’s PMI is also above the 12-month rolling average of 50.15, highlighting renewed momentum in the sector amid ongoing economic uncertainty. Market participants are monitoring the Bank of England’s policy signals and upcoming economic releases for further direction. Updated 4/23/26
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