The IHS Markit/CIPS UK Services PMI rose to 50.4 in April 2019 from 48.9 in the previous month, slightly below market expectations of 50.5. The latest reading pointed to an expansion in the services sector, after its first contraction since July 2016 in March. New business dropped for the fourth straight month and sales decreased marginally, marking its longest period of decline since 2009, amid subdued domestic consumer and business spending. Also, export sales eased linked with Brexit uncertainty and job creation was unchanged with the recent phase of staff hiring at its weakest since the end of 2012. On the price front, input cost inflation accelerated to a 3-month high boosted by fuel prices and an increase in the National Living Wage, and output cost rose moderately. Finally, optimism rebounded with confidence rising to its highest since September amid favourable outlook for sales and marketing initiatives. Services PMI in the United Kingdom is reported by Markit Economics.

Services PMI in the United Kingdom is expected to be 50.10 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 53.10 55.10 61.50 34.40 [+]
Services PMI 50.40 48.90 62.50 40.10 Index Points [+]
Industrial Production 1.30 0.40 22.70 -11.90 percent [+]
Industrial Production Mom 0.70 0.60 9.90 -8.00 percent [+]
Manufacturing Production 2.60 1.20 19.60 -16.90 percent [+]
Capacity Utilization 80.70 81.30 85.20 38.00 percent [+]
New Orders 10747.00 11075.00 25109.00 9381.00 GBP Million [+]
Factory Orders -5.00 1.00 21.00 -79.00 Net Balance [+]
Changes in Inventories 4600.00 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 -56.10 -62.00 61.00 -77.20 [+]
Car Production 126195.00 123203.00 185157.00 43773.00 Units [+]
Car Registrations 161064.00 458054.00 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 0.50 0.30 1.90 -2.10 percent [+]
Private Investment 0.50 -0.90 63.70 -33.70 percent [+]
Mining Production 9.80 5.50 854.60 -90.50 percent [+]
Steel Production 735.00 485.00 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 50.90 50.00 61.80 47.60 [+]
Crude Oil Rigs 11.00 11.00 32.00 3.00 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 27054.00 32455.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.40 48.90 62.50 40.10 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.80 Apr/19
France 50.50 Apr/19
Germany 55.70 Apr/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 53.00 Apr/19


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