S&P Global report states Middle East conflict significantly impacts UK economy

MetaMuskRat · 2026-03-25T19:55:48+00:00

S&P Global's corporate report shows that the UK's March composite PMI preliminary reading came in at 51.0, marking a six-month low, with both services and manufacturing indices declining. Middle East tensions have increased uncertainty and suppressed economic growth, resulting in declining new orders and weakened spending intentions.

MetaMuskRat

2026-03-25 19:55:48

Abstract generation in progress

S&P Global released a report on March 24th showing that the UK’s composite Purchasing Managers’ Index (PMI) for March was initially 51.0, below February’s 53.7, marking the lowest in six months. The services PMI fell from 53.9 last month to 51.2; manufacturing PMI was 51.4, the lowest in three months. Meanwhile, manufacturing output growth slowed significantly and is approaching stagnation. Additionally, the UK’s private sector new orders in March declined for the first time in four months. Companies generally reported that Middle East conflicts have increased uncertainty, raised cost pressures, and tightened financing conditions, which have suppressed corporate and consumer spending. S&P Global experts believe that the Middle East conflict has had a noticeable impact on the UK economy, driving up inflation while also restraining economic growth. (CCTV News)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.