The IHS Markit/CIPS UK Services PMI was revised higher to 53.6 in December of 2021 from a preliminary of 53.2 and below the previous month's 58.5. The latest reading pointed to the worst month for business activity growth since the rebound from lockdown measures began last spring as the Omicron variant led to a steep fall in spending on face-to-face consumer services, escalating business uncertainty and disruptions due to staff absences. On a more positive note, job creation remained relatively strong, cost pressures eased from November's peak and output growth expectations improved slightly. Around 55% of the survey panel anticipate a rise in activity over the course of 2022, while only 10% forecast a decline. source: Markit Economics

Services PMI in the United Kingdom averaged 53.27 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 January of 2022.

Services PMI in the United Kingdom is expected to be 55.20 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.

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United Kingdom Services PMI


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. .
Actual Previous Highest Lowest Dates Unit Frequency
53.60 58.50 62.90 13.40 2007 - 2021 points Monthly

Related Last Previous Unit Reference
Services PMI 53.60 58.50 points Dec/21
Manufacturing PMI 57.90 58.10 points Dec/21
Composite PMI 53.60 57.60 points Dec/21


News Stream
UK Services PMI Slumps to 10-Month Low as Omicron Slows Recovery
The IHS Markit/CIPS UK Services PMI was revised higher to 53.6 in December of 2021 from a preliminary of 53.2 and below the previous month's 58.5. The latest reading pointed to the worst month for business activity growth since the rebound from lockdown measures began last spring as the Omicron variant led to a steep fall in spending on face-to-face consumer services, escalating business uncertainty and disruptions due to staff absences. On a more positive note, job creation remained relatively strong, cost pressures eased from November's peak and output growth expectations improved slightly. Around 55% of the survey panel anticipate a rise in activity over the course of 2022, while only 10% forecast a decline.
2022-01-06
UK Service Sector Growth Slows Sharply in December
The IHS Markit/CIPS UK Services PMI fell sharply to 53.2 in December 2021, down from 58.5 in the previous month and missing market forecasts of 57.0, a preliminary estimate showed. The latest reading signaled a sharp slowdown in the service sector growth to the lowest since February, amid reports of a negative impact on customer demand from Omicron variant restrictions. Total new business growth was the weakest since lockdown measures were eased in March, with new orders from abroad returning to contraction. Meanwhile, rising employment levels contributed to the slowest accumulation of unfinished work since March. On the price front, input cost inflation eased from record record highs. Finally, business optimism weakened to a 14-month low.
2021-12-16
UK Services Activity Growth Remains Solid in November
The IHS Markit/CIPS UK Services PMI stood at 58.5 in November 2021, little-changed from a preliminary estimate of 58.6 and below October's final reading of 59.1. The latest reading pointed to strong output growth, although some firms noted that shortages of staff and supply chain issues had acted as a constraint on expansion. New business rose the most since June, supported by solid increases in consumer and business spending, while export sales rose the most in over four-and-a-half years. Employment numbers increased for a ninth consecutive month, but at the slowest rate since July due to difficulties finding candidates to fill vacancies. On the price front, the latest rise in input prices was the strongest in 25 years of data collection and prices charged by service sector firms also rose at a survey-record pace. Finally, business optimism was the lowest for 12 months.
2021-12-03