The IHS Markit/CIPS UK Services PMI fell to 50.2 in June 2019 from 51 in the previous month, missing market expectations of 51. The latest reading pointed to the softest expansion in the services sector in three months, amid sluggish domestic economic conditions and higher risk aversion due to ongoing Brexit uncertainty. New orders decreased for the fifth time in the past six months and backlogs of work fell for the longest period recorded since 2011. Meanwhile, job growth has been recorded in three of the past four months, linked to staff recruitment to long-term business expansion plans. On the price front, input price inflation accelerated boosted by higher transportation costs and wage pressures while output prices rose at the second-slowest rate since June 2017 due to competition for new work. Finally, confidence dropped amid domestic political uncertainty and concerns that subdued global economic conditions would continue to hold back corporate spending. Services PMI in the United Kingdom is reported by Markit Economics.

Services PMI in the United Kingdom is expected to be 50.70 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 54.00 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
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United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -13.00 -23.00 55.00 -75.00 Index Points [+]
Manufacturing PMI 48.00 49.40 61.50 34.40 [+]
Services PMI 50.20 51.00 62.50 40.10 Index Points [+]
Industrial Production 0.90 -1.10 22.70 -11.90 percent [+]
Industrial Production Mom 1.40 -2.90 9.90 -8.00 percent [+]
Manufacturing Production 0.00 -1.00 19.60 -16.90 percent [+]
Capacity Utilization 80.70 81.30 85.20 38.00 percent [+]
New Orders 11975.00 10747.00 25109.00 9381.00 GBP Million [+]
Factory Orders -15.00 -10.00 21.00 -79.00 Net Balance [+]
Changes in Inventories 5711.00 4241.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4188.00 4725.00 6509.00 924.00 Companies [+]
Corporate Profits 115312.00 112291.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -63.70 -56.10 61.00 -77.20 [+]
Car Production 116035.00 70971.00 185157.00 43773.00 Units [+]
Car Registrations 223421.00 183724.00 562337.00 33051.00 [+]
Small Business Sentiment -13.00 -31.00 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 [+]
Leading Economic Index 0.30 0.40 1.90 -2.10 percent [+]
Private Investment 0.40 -0.90 63.70 -33.70 percent [+]
Mining Production 4.00 -0.70 854.60 -90.50 percent [+]
Steel Production 650.00 644.00 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 49.70 50.90 61.80 47.60 [+]
Crude Oil Rigs 15.00 15.00 32.00 3.00 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 28662.00 27054.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.20 51.00 62.50 40.10 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 52.20 Jun/19
Brazil 48.20 Jun/19
China 52.00 Jun/19
Euro Area 53.60 Jun/19
France 52.90 Jun/19
Germany 55.80 Jun/19
India 49.60 Jun/19
Italy 50.50 Jun/19
Japan 51.90 Jun/19
Russia 49.70 Jun/19
Spain 53.60 Jun/19
United Kingdom 50.20 Jun/19
United States 51.50 Jun/19


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