S&P Global Services PMI in United Kingdom

S&P Global · Monthly (flash + final) · Importance

53.1 (Oct-26) ABS · index · Monthly · CSV

Period	index
Oct 2026	53.1
Sep 2026	52.1
Aug 2026	52.5
Jul 2026	52.1
Jun 2026	48.8
May 2026	49.3

Period	index
Oct 2026	1.0

Period	index
Oct 2026	0.8

About this indicator

Source

S&P Global Market Intelligence

Frequency

Monthly (flash + final)

Release

Flash around the 23rd of the same month; final around the third working day of the following month. 09:30 BST (08:30 UTC).

What it is

The S&P Global Services PMI (Business Activity Index) is a diffusion index built from a survey of purchasing managers in the UK services sector. A reading above 50 signals expanding activity; below 50, contraction. Each month there is a flash (preliminary) reading and a final one.

How it's calculated

A diffusion index of business activity in services, equivalent to the output index in manufacturing, based on a single question about the change versus the previous month. The data are seasonally adjusted.

Market implications

Services make up most of UK GDP; together with the manufacturing PMI they form the Composite PMI, a leading indicator of GDP. A stronger-than-expected reading tends to support the pound and Bank of England rate expectations.

Limitations

A qualitative survey that reflects the direction of change, not its magnitude, and can over-react at turning points in the cycle.