UK services PMI likely to decline to 53.8 - TDS

Analysts at TDS are looking for the UK March services PMI to decline to 53.8, against market consensus of a smaller fall to 54.0.

Key Quotes

“Retailers have faced a challenging environment in recent months, and we expect this--coupled with spillovers from the lower euro area services PMI last month--to weigh on the index. The poor weather at the beginning of the month also likely weighed on services activity.”