UK March Services PMI Preliminary Released: Economic Expansion Momentum Remains to Be Seen

Markit released the UK March Services PMI preliminary data on February 20, 2026, at 17:30.The previous reading was 53.9, indicating that the services sector remained in expansion. The index uses 50 as the threshold; a reading above 50 signals expansion in the services sector, while below 50 indicates contraction.**Data Interpretation**The Services Purchasing Managers' Index primarily reflects managers' views on the current business environment in the services industry. The index is derived from a survey of managers in the services sector and provides an early indication of economic activity.**Market Impact**If the published figure exceeds market expectations, it will be supportive of the British pound.**Release Schedule**This data has an importance level of 3 and is released monthly. The next release is scheduled for April 23, 2026, at 16:30.

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