The IHS Markit/CIPS UK Services PMI was revised higher to 61.0 in April 2021, from a preliminary estimate of 60.1, signaling the fastest pace of expansion in the sector since October 2013 driven by sharp increases in business and consumer spending. By sub-category, by far the strongest momentum was seen among consumer services, driven by the reopening of some customer-facing parts of the economy, amid easing COVID-19 restrictions across the UK. Overall new business volumes rose the most since December 2013 and the rate of job creation accelerated to its fastest since October 2015. Despite efforts to rebuild business capacity, backlogs of work were accumulated to the greatest extent for nearly six years, which suggested that pent up client demand will continue to boost activity in the months ahead. Looking ahead, business expectations remained close to March's 14-year peak. source: Markit Economics

Services PMI in the United Kingdom averaged 53.04 points from 2007 until 2021, reaching an all time high of 62.50 points in October of 2013 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 May of 2021.

Services PMI in the United Kingdom is expected to be 54.00 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 53.20 in 12 months time. 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
61.00 56.30 62.50 13.40 2007 - 2021 points Monthly


News Stream
UK Service Sector Growth Hits 7-1/2-Year High
The IHS Markit/CIPS UK Services PMI was revised higher to 61.0 in April 2021, from a preliminary estimate of 60.1, signaling the fastest pace of expansion in the sector since October 2013 driven by sharp increases in business and consumer spending. By sub-category, by far the strongest momentum was seen among consumer services, driven by the reopening of some customer-facing parts of the economy, amid easing COVID-19 restrictions across the UK. Overall new business volumes rose the most since December 2013 and the rate of job creation accelerated to its fastest since October 2015. Despite efforts to rebuild business capacity, backlogs of work were accumulated to the greatest extent for nearly six years, which suggested that pent up client demand will continue to boost activity in the months ahead. Looking ahead, business expectations remained close to March's 14-year peak.
2021-05-06
UK Service Sector Grows the Most In Over 6-1/2 Years
The IHS Markit/CIPS UK Services PMI jumped to 60.1 in April 2021, from 56.3 in the previous month and easily beating market consensus of 59.0, a preliminary estimate showed. The latest reading signaled the steepest pace of expansion in service activity since August 2014, amid an improving pandemic situation and confidence towards the sustainability of the recovery in the months ahead. By sub-category, by far the strongest momentum was seen among consumer services, driven by the reopening of some customer-facing parts of the economy, followed by business services. Overall new business volumes rose the most since March 2015 and the rate of job creation accelerated to its fastest since August 2017. Despite efforts to rebuild business capacity, backlogs of work were accumulated to the greatest extent for nearly six years, which suggested that pent up client demand will continue to boost activity in the months ahead.
2021-04-23
UK Service Sector Returns to Growth in March
The IHS Markit/CIPS UK Services PMI was revised lower to 56.3 in March 2021, from a preliminary estimate of 56.8 and compared with February's final 49.5. The latest reading signaled the fastest rate of output expansion for seven months, supported by an increase in total new work for the first time in six months due to stronger client demand and forward bookings ahead of easing lockdown measures. At the same time, backlogs of work were up for the first time since September 2020 and the rate of job creation was the fastest since June 2019. On the price front, input cost inflation was the highest for nearly three years, while prices charged by service providers rose at the sharpest pace since November 2017. Looking ahead, business expectations improved for the fifth consecutive month.
2021-04-07
UK Services Activity Growth at 7-Month High
The IHS Markit/CIPS UK Services PMI posted 56.8 in March of 2021, up from 49.5 in February and above market expectations of 51, a preliminary estimate showed. The latest reading pointed to the first expansion in the services sector since October 2020. Moreover, the rate of business activity expansion was the strongest seen since August 2020. March data also signalled a return to growth for new orders and employment across the service economy. Service providers widely commented on improving consumer confidence and signs of pent-up demand. Expectations of rising sales after the national lockdown, and a boost to sentiment from the successful UK vaccine rollout, contributed to an increase in business optimism to its highest since January 2004.
2021-03-24

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. .