The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The UK private sector growth strengthened to a six-month high in March, driven by the fastest upturn in the services economy since 2024, flash survey data from S&P Global revealed Monday. The flash composite output index registered 52.0 in March, up from 50.5 in February.
The index has remained above the crucial 50.0 mark for the seventeenth month in a row. Moreover, the score signaled the fastest growth since September 2024.
The robust growth in the service sector helped to offset the sharpest decline in manufacturing production since October 2023.
The services Purchasing Managers' Index hit a seven-month high of 53.2 compared to 51.0 in February. The score was well above forecast of 51.2.
At 44.6, the manufacturing PMI remained at an 18-month low and down from 46.9 in February. The score was forecast to rise to 47.3.
There was contrasting trends for new order volumes. Manufacturers reported a steep export-led downturn in sales. Meanwhile, services providers logged an increase in new work for the first time this year.
Private sector employment decreased for the sixth straight month in March. Respondents cited business restructuring, investments in automation and the non-replacement of leavers in response to rising payroll costs as reasons for the fall in employment.
Input cost inflation eased further from January's nine-month high. Meanwhile, output charge inflation was unchanged since the previous month.
Overall business activity expectations for the year ahead remained close to the 25-month low seen in January. While manufacturers' sentiment dipped to the lowest since November 2022, optimism among service providers rose to a five-month high.
"An upturn in business activity in March brings some good news for the government ahead of the Chancellor's Spring Statement, offering a respite from the recent flow of predominantly downbeat economic data," S&P Global Market Intelligence Chief Business Economist Chris Williamson said.
"However, just as one swallow does not a summer make, one good PMI doesn't signal a recovery," Williamson added.
