UK on track to exit recession despite slower services growth, PMI data shows

People walking past the Bank of England in London. — AP

LONDON: Britain's economy looks on track to exit recession when official first-quarter growth data is next published, despite a slowdown in services activity last month, a closely watched business survey showed on Thursday.

The S&P Global Composite Purchasing Managers' Index - which covers private-sector services and manufacturing firms - edged down to 52.8 in March from February's 53.0.