The IHS Markit/CIPS UK Services PMI rose to 51.3 in February 2019 from a two-and-a-half-year low of 50.1 in the previous month and well above market expectations of 49.9. Still, the latest reading signalled only a marginal increase in service sector business activity, leaving the index on track for its weakest quarter since Q4 2012 mainly due to Brexit-related uncertainty. New work dropped for the second consecutive month and lower volumes of unfinished work have now been recorded for the fifth month in a row, the longest period since early-2013. In addition, employment fell at the quickest rate since November 2011 as businesses opted to delay staff hiring in response to subdued demand and concerns about the near-term economic outlook. On a more positive note, input price inflation eased to a nine-month low and average prices charged by service providers rose the least since last September. Services PMI in the United Kingdom is reported by Markit Economics.

Services PMI in the United Kingdom is expected to be 49.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in the United Kingdom to stand at 52.60 in 12 months time. In the long-term, the United Kingdom Services PMI is projected to trend around 52.90 Index Points in 2020, according to our econometric models.

United Kingdom Services PMI
width
height
 Preview
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -23.00 -16.00 55.00 -75.00 Index Points [+]
Services PMI 51.30 50.10 62.50 40.10 Index Points [+]
Manufacturing PMI 52.00 52.60 61.50 34.40 [+]
Industrial Production -0.90 -0.90 22.70 -11.90 percent [+]
Industrial Production Mom 0.60 -0.50 9.90 -8.00 percent [+]
Manufacturing Production -1.10 -2.10 19.60 -16.90 percent [+]
Capacity Utilization 81.30 80.20 85.20 38.00 percent [+]
Factory Orders 1.00 6.00 21.00 -79.00 Net Balance [+]
New Orders 10747.00 11075.00 25109.00 9381.00 GBP Million [+]
Changes in Inventories 2734.00 2502.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4725.00 4308.00 6509.00 924.00 Companies [+]
Corporate Profits 112291.00 114178.00 114178.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -57.00 -71.90 61.00 -77.20 [+]
Car Production 120649.00 78106.00 185157.00 43773.00 Units [+]
Car Registrations 81969.00 161013.00 562337.00 33051.00 [+]
Small Business Sentiment -31.00 -18.00 40.00 -69.00 [+]
Internet Speed 16920.86 16337.23 16920.86 3085.89 KBps [+]
IP Addresses 27493519.00 26782989.00 27493519.00 13305856.00 IP [+]
Mining Production -0.60 20.40 854.60 -90.50 percent [+]
Leading Economic Index 0.20 0.20 1.90 -2.10 percent [+]
Private Investment -1.40 -1.20 63.70 -33.70 percent [+]
Steel Production 520.00 800.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.99 82.11 82.11 5.18 Points [+]
Competitiveness Rank 8.00 6.00 13.00 2.00 [+]
Composite Pmi 51.50 50.30 61.80 47.60 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 29953.00 29548.00 38520.00 16152.00 Gigawatt-hour [+]
Corruption Index 80.00 82.00 87.00 74.00 Points [+]
Corruption Rank 11.00 8.00 20.00 8.00 [+]


United Kingdom Services PMI

The Markit/CIPS UK Services PMI (Purchasing Managers' Index) is based on data collected from companies in the transport and communication sector, financial intermediation, business services, personal services, computing and IT and hotels and restaurants. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. . This page provides the latest reported value for - United Kingdom Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Services PMI - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.30 50.10 62.50 40.10 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 44.50 Feb/19
Brazil 52.20 Feb/19
China 51.10 Feb/19
Euro Area 52.70 Mar/19
France 48.70 Mar/19
Germany 54.90 Mar/19
India 52.50 Feb/19
Italy 50.40 Feb/19
Japan 52.30 Feb/19
Russia 55.30 Feb/19
Spain 54.50 Feb/19
United Kingdom 51.30 Feb/19
United States 54.80 Mar/19


Related
Latest