The S&P Global/CIPS UK Services PMI fell to 49.2 in September of 2022 from 50.9 in August, missing market expectations of 50, flash estimates showed. This marked the first drop in services activity since February 2021, though the rate of decline was only marginal. There were a number of reports that a slowdown in sales amid the cost of living crisis and rising economic uncertainty had weighed on activity levels in September. Looking ahead, expectations in the service sector hit 28-month lows. source: Markit Economics
Services PMI in the United Kingdom averaged 53.36 points from 2007 until 2022, 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 October of 2022.
Services PMI in the United Kingdom is expected to be 50.00 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 53.60 points in 2023 and 54.30 points in 2024, according to our econometric models.