UK: PMI service index could have moved up marginally to 53.7 in March – Danske Bank

According to the analysts at Danske Bank, the UK PMI service index released later today will attract attention after it declined in both January and February, suggesting GDP growth slowed in Q1 17 to around 0.3-0.4% q/q - down from 0.7% q/q.

Key Quotes

“The service confidence indicator suggests the PMI service index could have moved up marginally to 53.7 in March, which, however, would not change the impression we have that growth slowed at the beginning of 2017.”