The IHS Markit/CIPS UK Services PMI rose to 51.2 in December 2018 from a 28-month low of 50.4 in the previous month and above market expectations of 50.7. Still, the reading pointed to a meager service sector expansion as new work increased only marginally during December while the pace of job creation eased to its weakest since July 2016. In addition, backlogs of work at service providers fell for the third straight month, which was the longest period of decline since the summer of 2016. On the price front, input cost inflation edged up only slightly from November's six-month low amid higher wages, food prices and costs for imported items. Looking ahead, business confidence towards activity in the coming year was the second-lowest since March 2009 on worries about the impact of Brexit uncertainty on business investment and consumer demand. 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
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United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -23.00 -16.00 55.00 -75.00 Index Points [+]
Services PMI 51.20 50.40 62.50 40.10 Index Points [+]
Manufacturing PMI 54.20 53.60 61.50 34.40 [+]
Industrial Production -1.50 -0.90 22.70 -11.90 percent [+]
Industrial Production Mom -0.40 -0.50 9.90 -8.00 percent [+]
Manufacturing Production -1.10 -0.70 19.60 -16.90 percent [+]
Capacity Utilization 80.20 82.30 85.20 38.00 percent [+]
Factory Orders -1.00 8.00 21.00 -79.00 Net Balance [+]
New Orders 11075.00 10801.00 25109.00 9381.00 GBP Million [+]
Changes in Inventories 2955.00 1871.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4308.00 3918.00 6509.00 924.00 Companies [+]
Corporate Profits 114178.00 111344.00 114178.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -67.50 -61.40 61.00 -77.20 [+]
Car Production 129030.00 140374.00 185157.00 43773.00 Units [+]
Car Registrations 144089.00 158639.00 562337.00 33051.00 [+]
Small Business Sentiment -18.00 6.00 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 -2.30 -2.60 854.60 -90.50 percent [+]
Leading Economic Index 0.30 0.40 1.90 -2.10 percent [+]
Private Investment -1.10 -0.40 63.70 -33.70 percent [+]
Steel Production 455.00 660.00 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 51.40 50.80 61.80 47.60 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 27869.00 25086.00 38520.00 16152.00 Gigawatt-hour [+]
Corruption Index 82.00 81.00 87.00 74.00 Points [+]
Corruption Rank 8.00 10.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.20 50.40 62.50 40.10 2007 - 2018 Index Points Monthly




Country Last Previous
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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