Mark Anderson, Business Services Sector Leader at PwC UK, said:
“The latest PMI data highlights how UK services businesses are demonstrating continued resilience in challenging market conditions, posting a seven-month high reading of 52.5 in March. It's particularly encouraging to see how firms are successfully exporting UK services, skills and capabilities into new geographic markets, providing a welcome bulwark for the UK economy against the impact of US product tariffs.
“Innovation in technology-enabled services, particularly in sectors such as legal services or logistics, as well as the adoption of new technologies are key drivers of this growth. But conversely, technological developments are driving a fundamental reshaping of the size, shape and skills of the workforce across the sector, which looks set to continue.”
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