The IHS Markit/CIPS UK Services PMI was revised higher to 59.6 in July 2021, from a preliminary estimate of 57.8 and compared with 62.4 in the previous month. The index was the lowest since March and therefore signaled the slowest rate of expansion since the end of the lockdown, mostly due to staff shortages, supply chain issues and the end of the full stamp duty holiday for residential property sales. New business growth eased to a five-month low, even as new export orders increased at the fastest pace since June 2018, while the pace of job creation remained strong. Backlogs of work increased for the fifth successive month in July and the rate of accumulation was only slightly slower than June's record high. On the price front, both input costs and output charges increased at record rates. Finally, service sector companies remained highly upbeat about their growth prospects for the year ahead. source: Markit Economics

Services PMI in the United Kingdom averaged 53.19 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 August of 2021.

Services PMI in the United Kingdom is expected to be 55.10 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 52.90 points in 2022 and 53.60 points in 2023, according to our econometric models.

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United Kingdom Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.60 62.40 62.90 13.40 2007 - 2021 points Monthly


News Stream
UK Services Sector Growth at 4-Month Low
The IHS Markit/CIPS UK Services PMI was revised higher to 59.6 in July 2021, from a preliminary estimate of 57.8 and compared with 62.4 in the previous month. The index was the lowest since March and therefore signaled the slowest rate of expansion since the end of the lockdown, mostly due to staff shortages, supply chain issues and the end of the full stamp duty holiday for residential property sales. New business growth eased to a five-month low, even as new export orders increased at the fastest pace since June 2018, while the pace of job creation remained strong. Backlogs of work increased for the fifth successive month in July and the rate of accumulation was only slightly slower than June's record high. On the price front, both input costs and output charges increased at record rates. Finally, service sector companies remained highly upbeat about their growth prospects for the year ahead.
2021-08-04
UK Service Sector Growth Eases to 4-Month Low
The IHS Markit/CIPS UK Services PMI dropped to 57.8 in July 2021, from 62.4 in the previous month and well below market expectations of 62, a preliminary estimate showed. The latest reading pointed to the weakest pace of recovery since March, due in part to COVID isolation rules and other restrictions due to the pandemic. There were also reports that the end of the stamp duty holiday had led to softer demand for services related to residential property transactions. New business volumes increased at the slowest rate for five months, despite a rise in export sales for the first time since April, while the rate of job creation eased from June's recent peak, largely due to difficulties filling vacancies. On the price front, input costs rose the most since the series began in July 1996.
2021-07-23
UK Service Sector Recovery Continues in June
The IHS Markit/CIPS UK Services PMI was revised higher to 62.4 in June 2021, from a preliminary estimate of 61.7 and compared with May's 62.9. This was the second-highest reading since October 2013, signaling a strong expansion in service sector activity in line with looser COVID-19 restrictions and growing customer demand. New order growth remained close to May's record high, despite a continued decline in exports, while the rate of job creation was the strongest since June 2014, reflecting efforts to meet increased business requirements since the end of the lockdown period. In addition, capacity constraints were evidenced by the sharpest rise in backlogs of work since the survey began in July 1996. On the price front, both input costs and output charges increased at record rates. Finally, optimism in the 12-month outlook remained widespread.
2021-07-05
UK Service Sector Expansion Remains Strong in June
The IHS Markit/CIPS UK Services PMI fell to 61.7 in June 2021, from 62.9 in the previous month and missing market expectations of 63.0, a preliminary estimate showed. Still, the latest reading signaled a strong expansion in service sector activity in line with looser COVID-19 restrictions and growing customer demand. New order growth remained close to May's record high, despite a continued declined in exports, while the rate of job creation was only fractionally softer than the record posted seven years ago. On the price front, input costs rose at the fastest pace for 13 years and selling price inflation hit a fresh record high. Finally, optimism in the 12-month outlook remained widespread, despite sentiment easing to the lowest since January.
2021-06-23

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. .