The IHS Markit/CIPS UK Services PMI decreased to 58.6 in November 2021 from 59.1 in the previous month, above market expectations of 58.5 and well above the post-lockdown low seen in August (55.0), a preliminary estimate showed. In contrast to the trend for business activity, new order growth accelerated to a five-month high during November. Survey respondents widely commented on robust domestic demand, alongside a gradual rebound in export sales. The latest rise in new work from abroad was the fastest for around three-and-a-half years, boosted by looser international travel restrictions. Despite a strong recovery in sales volumes, margins were under pressure in November due to a survey-record rise in input costs and a slower increase in prices charged to clients. source: Markit Economics

Services PMI in the United Kingdom averaged 53.27 points from 2007 until 2021, reaching an all time high of 62.90 points in May of 2021 and a record low of 13.40 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Services PMI in the United Kingdom is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Services PMI is projected to trend around 54.00 points in 2022 and 53.60 points in 2023, according to our econometric models.

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United Kingdom Services PMI


Related Last Previous Unit Reference
Services PMI 58.60 59.10 points Nov/21
Manufacturing PMI 58.20 57.80 points Nov/21
Composite PMI 57.70 57.80 points Nov/21

News Stream
UK Services PMI Above Expectations in November
The IHS Markit/CIPS UK Services PMI decreased to 58.6 in November 2021 from 59.1 in the previous month, above market expectations of 58.5 and well above the post-lockdown low seen in August (55.0), a preliminary estimate showed. In contrast to the trend for business activity, new order growth accelerated to a five-month high during November. Survey respondents widely commented on robust domestic demand, alongside a gradual rebound in export sales. The latest rise in new work from abroad was the fastest for around three-and-a-half years, boosted by looser international travel restrictions. Despite a strong recovery in sales volumes, margins were under pressure in November due to a survey-record rise in input costs and a slower increase in prices charged to clients.
2021-11-23
UK October Services PMI Revised Higher
The IHS Markit/CIPS UK Services PMI was revised higher to 59.1 in October 2021, from a preliminary estimate of 58.0 and well above September's 55.4. The latest reading signaled the strongest pace of recovery since July, although still softer than the peak seen in May, as the reopening of the economy and looser international travel restrictions helped to boost demand, with new export sales rising at the fastest pace for just over three years. New work growth was the fastest since June 2018 and the pace of job creation was the strongest since June 2014. In addition, backlogs of work advanced for an eighth consecutive month, while inflationary pressure intensified, with both input costs and output charges increasing at record rates. Finally, business sentiment eased for the second month running to its lowest since January.
2021-11-03
UK Service Sector Expands Faster than Expected in October
The IHS Markit/CIPS UK Services PMI jumped to 58.0 in October 2021, up from 55.4 in the previous month and defying market expectations of 54.5, a preliminary estimate showed. The latest reading pointed to the fastest expansion in the sector since July, although still softer than the peak seen in May, on the back of a sustained boost to client spending following the roll back of pandemic restrictions, including an expansion of export sales. Meanwhile, staffing and supply shortages weighed on growth. New business volumes rose the most since June, also driven by strong domestic demand. On the price front, cost burdens increased at the fastest rate since the survey began in July 1996.
2021-10-22

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. .