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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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Delivery Method

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Status

 
Latest Release
Apr 04, 2024
Actual
53.1
Forecast
53.4
Previous
53.8
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
May 03, 2024 (Apr) 09:30      
Apr 23, 2024 09:30       53.1
Apr 04, 2024 (Mar) 09:30 53.1 53.4 53.8
Mar 21, 2024 10:30   53.4 53.8 53.8
Mar 05, 2024 (Feb) 10:30 53.8 54.3 54.3
Feb 22, 2024 10:30   54.3 54.2 54.3

News

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Analysis

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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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