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U.K. Services Purchasing Managers Index (PMI)

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U.K. Services Purchasing Managers Index (PMI)

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Status

 
Latest Release
Feb 22, 2024
Actual
54.3
Forecast
54.2
Previous
54.3
The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
Importance:
Country:
Currency: GBP
Source: The Chartered Institute of Pur...
U.K. Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Mar 05, 2024 (Feb) 09:30     54.3
Feb 22, 2024 09:30   54.3 54.2 54.3
Feb 05, 2024 (Jan) 09:30 54.3 53.8 53.4
Jan 24, 2024 09:30   53.8 53.2 53.4
Jan 04, 2024 (Dec) 09:30 53.4 52.7 50.9
Dec 15, 2023 09:30   52.7 51.0 50.9

News

Dollar retreats ahead of PMI data; euro, sterling gain
Dollar retreats ahead of PMI data; euro, sterling gain By Investing.com - 21 hours ago

Investing.com - The U.S. dollar retreated in early European trade Thursday, with risk sentiment boosted by Nvidia’s stellar earnings, with traders awaiting the release of key business activity surveys...

Analysis

ING Economic and Financial Analysis
Key Events in Developed Markets Next Week By ING Economic and Financial Analysis - Feb 16, 2024

US: Existing home sales and leading index the highlights of next week Federal Reserve interest rate cut expectations have been significantly scaled back in the wake of strong GDP, jobs and consumer...

ING Economic and Financial Analysis
UK Growth Outlook Improving Despite Fourth Quarter Setback By ING Economic and Financial Analysis - Feb 15, 2024

The fall in UK GDP reflects a lot of volatility beneath the surface The UK economy fared worse than expected in the final quarter of last year, and the 0.3% drop in activity in the three months to...

Services PMI Discussion

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All Comments (1)
Manas Goldenmice
Manas Goldenmice Sep 03, 2014 7:50
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Services PMI Actual 58.0 Metal Remix UP
 
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