UK Final Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2019, is the earliest and thus tends to have the most impact;
- UK Final Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jul 3, 2024 | 52.1 | 51.2 | 51.2 |
Jun 5, 2024 | 52.9 | 52.9 | 52.9 |
May 3, 2024 | 55.0 | 54.9 | 54.9 |
Apr 4, 2024 | 53.1 | 53.4 | 53.4 |
Mar 5, 2024 | 53.8 | 54.3 | 54.3 |
Feb 5, 2024 | 54.3 | 53.8 | 53.8 |
Jan 4, 2024 | 53.4 | 52.7 | 52.7 |
Dec 5, 2023 | 50.9 | 50.5 | 50.5 |
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- UK Final Services PMI News
- From pmi.spglobal.com|28 hr ago
The UK service sector continued to register greater levels of business activity at the end of the second quarter, stretching the current sequence of growth to eight months. However, more momentum was lost in June, with the upturn at its weakest since November last year as the upcoming general election reportedly led clients to adopt a "wait-and-see" approach before placing orders and commissioning new projects. Indeed, new business intakes rose at a historically subdued pace, while the pace of job creation also eased. Meanwhile, cost ...
- From pmi.spglobal.com|Jun 5, 2024
The UK services economy grew further midway through the second quarter, although some momentum was lost as expansions in business activity and new orders eased from their 11-month highs seen in April. Nevertheless, there were slight pick-ups in jobs growth and the level of business confidence. Of note was a substantial cooling in the rate of input cost inflation, which fell to its weakest since February 2021. This fed through to output prices, as companies were less aggressive with their price setting. Overall charges for UK services ...
- From pmi.spglobal.com|May 3, 2024
UK service providers recorded a robust and accelerated upturn in business activity during April, supported by a renewed strengthening of order books. Survey respondents often commented on a boost to sales from improving client confidence and signs of a turnaround in underlying economic conditions. That said, the rate of job creation was only marginal and the lowest in 2024 so far as firms typically opted to remain focussed on limiting margin pressures. Higher wages, partly driven by a considerable rise in the National Living Wage in ...
- From pmi.spglobal.com|Apr 4, 2024
March data pointed to a solid increase in business activity across the service economy, which extended the current period of expansion to five months. That said, the latest survey indicated a loss of momentum since February, largely due to a weaker rise in new work. Survey respondents noted that improving underlying economic conditions had helped to support service sector growth, although squeezed disposable household incomes and elevated interest rates again weighed on demand. Strong wage pressures and rising transport costs pushed ...
- From pmi.spglobal.com|Mar 5, 2024
UK service providers experienced a sustained increase in business activity in February, supported by stronger new order growth and aided by another modest rise in employment numbers. The overall rate of output growth was only slightly softer than January's eight-month high. Moreover, output growth projections for the year ahead were the most upbeat since February 2022. Input price inflation meanwhile accelerated in February and was the highest for five months, mostly due to elevated wage pressures. Some firms also noted rising ...
- From pmi.spglobal.com|Feb 5, 2024
January data signalled a solid increase in business activity across the UK service economy, which extended the current period of expansion to three months. Higher levels of output were supported by a sustained rise in new orders. Survey respondents typically commented on improved confidence among clients due to strengthening economic conditions and expected interest rate cuts. Service providers noted that strong wage pressures continued to push up operating expenses, although these were partly offset by lower fuel costs and raw ...
- From pmi.spglobal.com|Jan 4, 2024
UK service providers signalled stronger growth momentum in December, with business activity and incoming new work both picking up at the strongest rates for six months. Moreover, optimism regarding the business outlook for 2024 improved for the second month in a row to its highest since last May, driven by hopes of a sustained turnaround in client demand. However, staff hiring remained subdued at the end of 2023, in part due to strong concerns about wage pressures. Overall input cost inflation accelerated to a three-month high, which ...
- From pmi.spglobal.com|Dec 5, 2023
November data highlighted a modest rebound in business activity across the UK service sector, which ended a threemonth period of decline. Rising output reflected a slight rise in new orders, but survey respondents continued to report subdued demand and low confidence among clients. Service providers experienced another sharp increase in their average cost burdens, largely due to rising staff wages and elevated inflationary pressures across the broader economy. Efforts to limit the squeeze on operating margins led to the steepest ...
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Released on Jun 5, 2024 |
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Released on Feb 5, 2024 |
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Released on Jan 4, 2024 |
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Released on Dec 5, 2023 |
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