The IHS Markit/CIPS UK Services PMI dropped to 50.6 in August 2019 from 51.4 in the previous month and below market expectations of 51.0. The latest reading signalled only a marginal expansion of service sector output as new business growth slowed amid Brexit-related uncertainty and subdued corporate spending. In addition, backlogs of work were reduced for the eleventh successive month, which represents the longest period of decline since 2011/12, while the pace of job creation was the slowest since the current period of expansion began in May. On the price front, input cost inflation accelerated to its strongest since January, driven by reports of higher staff wages, rising fuel costs and greater utility bills; while prices charged by service providers increased at the slowest pace for just over three years due to intense competition for new work. Finally, confidence regarding activity during the next 12 months hit its lowest since July 2016. Services PMI in the United Kingdom is reported by Markit Economics.

Services PMI in the United Kingdom is expected to be 50.90 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 53.20 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 -32.00 -13.00 55.00 -75.00 Index Points [+]
Manufacturing PMI 47.40 48.00 61.50 34.40 [+]
Services PMI 50.60 51.40 62.50 40.10 Index Points [+]
Industrial Production -0.90 -0.60 22.70 -11.90 percent [+]
Industrial Production Mom 0.10 -0.10 9.90 -8.00 percent [+]
Manufacturing Production -0.60 -1.40 19.60 -16.90 percent [+]
Capacity Utilization 79.00 80.70 85.20 38.00 percent [+]
New Orders 10922.00 11975.00 25109.00 9381.00 GBP Million [+]
Factory Orders -13.00 -34.00 21.00 -79.00 Net Balance [+]
Changes in Inventories -3989.00 5711.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4320.00 4212.00 6919.00 924.00 Companies [+]
Corporate Profits 111745.00 115312.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -80.60 -62.90 61.00 -80.60 [+]
Car Production 108239.00 109226.00 185157.00 43773.00 Units [+]
Car Registrations 92573.00 157198.00 562337.00 33051.00 [+]
Small Business Sentiment -24.00 -13.00 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 0.00 -0.20 1.90 -2.10 percent [+]
Private Investment -0.50 0.40 63.70 -33.70 percent [+]
Mining Production -1.60 2.80 854.60 -90.50 percent [+]
Steel Production 645.00 618.00 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 50.20 50.70 61.80 47.60 [+]
Crude Oil Rigs 16.00 14.00 32.00 3.00 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 23402.00 24572.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.60 51.40 62.50 40.10 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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