The IHS Markit/CIPS UK Services PMI slumped to 48.9 in March of 2019 from 51.3 in February, below market expectations of 50.9. The reading pointed to the first contraction in the services sector since July of 2016, amid domestic political uncertainty, with clients hoping for clarity about Brexit outcomes before committing to new projects. New orders deteriorated for the third month; new export orders dropped markedly; backlogs decreased for the sixth month; and employment rose only slightly. On the price front, input cost inflation was unchanged from February's nine-month low, despite higher staff wages and rising transport and energy prices and prices charged rose the least since June of 2017. Finally, business confidence edged up to its highest since last October but remained subdued, with some companies citing hopes of greater clarity about the path to Brexit. 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 -23.00 -16.00 55.00 -75.00 Index Points [+]
Services PMI 48.90 51.30 62.50 40.10 Index Points [+]
Manufacturing PMI 55.10 52.10 61.50 34.40 [+]
Industrial Production 0.10 -0.30 22.70 -11.90 percent [+]
Industrial Production Mom 0.60 0.70 9.90 -8.00 percent [+]
Manufacturing Production 0.60 -0.70 19.60 -16.90 percent [+]
Capacity Utilization 81.30 80.20 85.20 38.00 percent [+]
Factory Orders 1.00 6.00 21.00 -79.00 Net Balance [+]
New Orders 10747.00 11075.00 25109.00 9381.00 GBP Million [+]
Changes in Inventories 4241.00 2410.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4725.00 4308.00 6509.00 924.00 Companies [+]
Corporate Profits 112291.00 114178.00 114178.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -62.00 -57.00 61.00 -77.20 [+]
Car Production 123203.00 120649.00 185157.00 43773.00 Units [+]
Car Registrations 458054.00 81969.00 562337.00 33051.00 [+]
Small Business Sentiment -31.00 -18.00 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 4.90 2.90 854.60 -90.50 percent [+]
Leading Economic Index 0.30 0.30 1.90 -2.10 percent [+]
Private Investment -0.90 -0.60 63.70 -33.70 percent [+]
Steel Production 485.00 520.00 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 50.00 51.40 61.80 47.60 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 32455.00 29953.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.90 51.30 62.50 40.10 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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