UK March flash services PMI 61.0 vs 58.0 expected

• Prior 60.5
• Manufacturing PMI 55.5 vs 56.7 expected
• Prior 58.0
• Composite PMI 59.7 vs 57.8 expected
• Prior 59.9

A bit of a contrast in performances as services activity jumps to a 9-month high while manufacturing slumped to a 13-month low. In any case, the UK depends more on the services sector so the overall speed of the recovery has only been fractionally dampened. But business optimism slumped to its lowest since October 2020 as the Russia-Ukraine war and escalating inflation pressures weighed on sentiment. Of note, inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures in March rose by the second-fastest on record (only exceed by that in November last year).

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