UK Flash 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. 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 Flash Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 21, 2024 | 51.2 | 53.0 | 52.9 |
May 23, 2024 | 52.9 | 54.7 | 55.0 |
Apr 23, 2024 | 54.9 | 53.0 | 53.1 |
Mar 21, 2024 | 53.4 | 53.8 | 53.8 |
Feb 22, 2024 | 54.3 | 54.2 | 54.3 |
Jan 24, 2024 | 53.8 | 53.1 | 53.4 |
Dec 15, 2023 | 52.7 | 51.0 | 50.9 |
Nov 23, 2023 | 50.5 | 49.5 | 49.5 |
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- UK Flash Services PMI News
- From pmi.spglobal.com|Jun 21, 2024
UK private sector business activity expanded in June at its slowest rate since last November, as a slowing of service sector growth offset a stronger performance in manufacturing. Output at goods producers rose to the greatest degree since April 2022, driven by improved order book intakes and strong business confidence. At the same time, services activity grew at its softest pace for seven months, although survey evidence indicated that the slowdown was partly driven by a pause in client spending decisions during the election period. ...
- From pmi.spglobal.com|May 23, 2024
UK private sector activity registered a solid expansion in May as a resurgence in manufacturing production supplemented a further, albeit slower, upturn in services output. Business activity growth was again accompanied by a rise in new order volumes and an uptick in export sales, but ongoing hiring challenges meant that the rate of job creation remained only marginal. At the same time, UK businesses reported the softest increase in average selling prices for over three years in May, partly linked to a slowdown in input cost ...
- From pmi.spglobal.com|Apr 23, 2024|6 comments
UK private sector activity expanded for the sixth consecutive month in April as a robust recovery in service sector output helped to offset a marginal decline in manufacturing production. Output growth was supported by a solid upturn in new order volumes and a modest acceleration in staff hiring, in each case driven by the service economy. April data indicated a steep increase in average cost burdens across the private sector, with the rate of inflation up sharply from March and the highest since May 2023. Stronger input price ...
- From pmi.spglobal.com|Mar 21, 2024
March data pointed to another solid upturn in output levels across the UK private sector, with the rate of expansion only fractionally slower than February’s nine-month high. This largely reflected increasing business activity in the service economy. Manufacturing production nonetheless turned a corner in March, ending a twelve-month period of decline, amid the fastest rise in new orders since May 2022. Input prices continued to rise at a sharp pace in March, with the rate of inflation the second-fastest since August 2023. Service ...
- From pmi.spglobal.com|Feb 22, 2024
Business activity across the UK private sector expanded for the fourth consecutive month and at the fastest pace since May 2023, supported by another strong upturn in the service economy. February data highlighted a solid improvement in customer demand, as signalled by the sharpest rise in new work for nine months. Hopes of a sustained rebound in domestic economic conditions led to the highest level of optimism regarding the year ahead business outlook since February 2022. Inflationary pressures remained elevated during the latest ...
- From pmi.spglobal.com|Jan 24, 2024|3 comments
January data revealed a stronger upturn in UK private sector output than at the end of 2023, led by a further rebound across the service economy. The rise in service sector activity was the fastest since last May, whereas manufacturing production decreased to the greatest extent for three months. The latest survey also indicated a return of modest private sector employment growth at the start of 2024, supported by improving demand conditions and higher levels of optimism towards the business outlook. Private sector firms meanwhile ...
- From pmi.spglobal.com|Dec 15, 2023
UK private sector output expanded for the second month running in December, which continued a modest recovery from the downturn seen during the three months to October. Higher levels of business activity were supported by a renewed improvement in order books, alongside efforts to work through post-pandemic backlogs. At 51.7 in December, up from 50.7 in November, the headline seasonally adjusted S&P Global / CIPS Flash UK PMI Composite Output Index pointed to the fastest rise in private sector business activity since June. However, ...
- From pmi.spglobal.com|Nov 23, 2023|8 comments
November data indicated a stabilisation of UK private sector output, following marginal reductions in each of the previous three months. This was supported by a return to business activity expansion in the service economy, alongside a softer downturn in manufacturing production. However, total new order intakes decreased for the fifth month running, which suggested that subdued underlying demand conditions persisted. There were renewed signs of sticky inflation in November as both input costs and average prices charged increased at ...
Released on Jun 21, 2024 |
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Released on May 23, 2024 |
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Released on Apr 23, 2024 |
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Released on Mar 21, 2024 |
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Released on Feb 22, 2024 |
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Released on Jan 24, 2024 |
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Released on Dec 15, 2023 |
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Released on Nov 23, 2023 |
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- Details