The IHS Markit/CIPS UK Services PMI dropped to 50.4 in November 2018 from 52.2 in the previous month, missing market consensus of 52.5. The latest figure pointed to the weakest pace of expansion in the service sector since July 2016 amid subdued business and consumer spending and heightened Brexit uncertainty. New business growth eased for the third consecutive month to the weakest for almost two-and-a-half years while a lack of new work to replace completed projects resulted in reduced pressure on business capacity. In addition, the pace of job creation was the lowest in four months amid softer demand growth, rising staff salaries and difficulties recruiting suitably skilled staff. On the price front, input cost inflation eased to a six-month low and the rate of prices charged inflation was one of the weakest seen since mid-2017. Looking ahead, business optimism moderated to the lowest since July 2016. Services PMI in the United Kingdom is reported by Markit Economics.

Services PMI in the United Kingdom is expected to be 51.00 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 54.50 in 12 months time. In the long-term, the United Kingdom Services PMI is projected to trend around 54.10 Index Points in 2020, according to our econometric models.

United Kingdom Services PMI
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -16.00 -3.00 55.00 -75.00 Index Points [+]
Services PMI 50.40 52.20 62.50 40.10 Index Points [+]
Manufacturing PMI 53.10 51.10 61.50 34.40 [+]
Industrial Production -0.80 0.00 22.70 -11.90 percent [+]
Industrial Production Mom -0.60 0.00 9.90 -8.00 percent [+]
Manufacturing Production -1.00 0.50 19.60 -16.90 percent [+]
Capacity Utilization 80.20 82.30 85.20 38.00 percent [+]
Factory Orders 10.00 -6.00 21.00 -79.00 Net Balance [+]
New Orders 11075.00 10801.00 25109.00 9381.00 GBP Million [+]
Changes in Inventories -854.00 1195.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4308.00 3918.00 6509.00 924.00 Companies [+]
Corporate Profits 114178.00 111344.00 114178.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -67.50 -61.40 61.00 -77.20 [+]
Car Production 140374.00 127051.00 185157.00 43773.00 Units [+]
Car Registrations 158639.00 153599.00 562337.00 33051.00 [+]
Small Business Sentiment -18.00 6.00 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 -1.70 -1.80 854.60 -90.50 percent [+]
Leading Economic Index 0.40 0.60 1.90 -2.10 percent [+]
Private Investment -1.20 -0.70 63.70 -33.70 percent [+]
Steel Production 660.00 630.00 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 50.70 52.10 61.80 47.60 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 25086.00 24971.00 38520.00 16152.00 Gigawatt-hour [+]
Corruption Index 82.00 81.00 87.00 74.00 Points [+]
Corruption Rank 8.00 10.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
50.40 52.20 62.50 40.10 2007 - 2018 Index Points Monthly




Country Last Previous
Australia 55.10 Nov/18
Brazil 51.30 Nov/18
China 53.80 Nov/18
Euro Area 51.40 Dec/18
France 49.60 Dec/18
Germany 52.50 Dec/18
India 53.70 Nov/18
Italy 50.30 Nov/18
Japan 52.30 Nov/18
Russia 55.60 Nov/18
Spain 54.00 Nov/18
United Kingdom 50.40 Nov/18
United States 53.40 Dec/18


Related

Latest