The IHS Markit/CIPS UK Services PMI dropped to 49.5 in September 2019 from 50.6 in the previous month and below market consensus of 50.3. The latest reading signalled a decline in service sector output, amid lower volumes of both new and outstanding business, with firms reporting that heightened uncertainty around Brexit had led to the postponement of orders by clients. In addition, new export business contracted at the fastest pace since March while employment fell for the first time in five months, and at the fastest rate since August 2010. On the price front, average input prices continued to rise sharply on the back of energy/fuel, salaries, food and the weakness of sterling. Prices charged by service providers rose the least since July 2016, pointing to stronger competition for sales amid weak demand. Looking ahead, business expectations were the weakest since July 2016 following the EU referendum, and the second-lowest since March 2009. Services PMI in the United Kingdom is reported by Markit Economics.

Services PMI in the United Kingdom is expected to be 50.60 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 51.90 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 -32.00 -13.00 55.00 -75.00 Index Points [+]
Manufacturing PMI 48.30 47.40 61.50 34.40 [+]
Services PMI 49.50 50.60 62.50 40.10 Index Points [+]
Industrial Production -1.80 -1.10 22.60 -12.00 percent [+]
Industrial Production Mom -0.60 0.10 9.70 -7.80 percent [+]
Manufacturing Production -1.70 -0.90 19.60 -16.90 percent [+]
Capacity Utilization 79.00 80.70 85.20 38.00 percent [+]
New Orders 10922.00 11975.00 25109.00 9381.00 GBP Million [+]
Factory Orders -28.00 -13.00 21.00 -79.00 Net Balance [+]
Changes in Inventories -705.00 5530.00 11359.00 -9083.00 GBP Million [+]
Bankruptcies 4320.00 4212.00 6919.00 924.00 Companies [+]
Corporate Profits 111745.00 115312.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -62.00 -68.80 61.00 -80.60 [+]
Car Production 92158.00 108239.00 185157.00 43773.00 Units [+]
Car Registrations 343255.00 92573.00 562337.00 33051.00 [+]
Small Business Sentiment -24.00 -13.00 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 -7.50 -5.90 855.60 -90.50 percent [+]
Leading Economic Index 0.30 0.10 1.90 -2.10 percent [+]
Private Investment -0.40 0.80 51.50 -11.40 percent [+]
Steel Production 563.00 645.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.20 81.99 82.11 5.18 Points [+]
Competitiveness Rank 9.00 8.00 13.00 2.00 [+]
Composite Pmi 49.30 50.20 61.80 47.60 [+]
Crude Oil Rigs 14.00 16.00 32.00 3.00 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 25260.00 23402.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.50 50.60 62.50 40.10 2007 - 2019 Index Points Monthly




Country Last Previous
Australia 51.50 Sep/19
Brazil 51.80 Sep/19
China 51.30 Sep/19
Euro Area 51.60 Sep/19
France 51.10 Sep/19
Germany 51.40 Sep/19
India 48.70 Sep/19
Italy 51.40 Sep/19
Japan 52.80 Sep/19
Russia 53.60 Sep/19
Spain 53.30 Sep/19
United Kingdom 49.50 Sep/19
United States 50.90 Sep/19


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