S&P Global/CIPS Services PMI

The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. It is worth noting that the UK service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading as that will be taken as positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

Most recent - Friday 22 November 2024 09:30

Previous
52
Forecast
52.1
Actual
50

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Next event - Wednesday 4 December 2024 09:30

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for S&P Global/CIPS Services PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global/CIPS Services PMI was 50 against a forecast of 52.1.

Past events

Date
Forecast
Actual
Friday 22 November 2024 09:30
52.1
50
Tuesday 5 November 2024 09:30
51.8
52
Thursday 24 October 2024 08:30
52.2
51.8
Thursday 3 October 2024 08:30
52.8
52.4
Monday 23 September 2024 08:30
53.5
52.8
Wednesday 4 September 2024 08:30
53.3
53.7
Thursday 22 August 2024 08:30
52.8
53.3
Monday 5 August 2024 08:30
52.4
52.5
Wednesday 24 July 2024 08:30
52.5
52.4
Wednesday 3 July 2024 08:30
51.2
52.1
Friday 21 June 2024 08:30
53
51.2
Wednesday 5 June 2024 08:30
52.9
52.9
Thursday 23 May 2024 08:30
54.7
52.9
Friday 3 May 2024 08:30
54.9
55
Tuesday 23 April 2024 08:30
53
54.9
Thursday 4 April 2024 08:30
53.4
53.1
Thursday 21 March 2024 09:30
53.8
53.4
Tuesday 5 March 2024 09:30
54.3
53.8
Thursday 22 February 2024 09:30
54.1
54.3
Monday 5 February 2024 09:30
53.8
54.3
Wednesday 24 January 2024 09:30
53.2
53.8
Thursday 4 January 2024 09:30
52.7
53.4
Friday 15 December 2023 09:30
51
52.7
Tuesday 5 December 2023 09:30
50.5
50.9
Thursday 23 November 2023 09:30
49.5
50.5
Friday 3 November 2023 09:30
49.2
49.5
Tuesday 24 October 2023 08:30
49.5
49.2
Wednesday 4 October 2023 08:30
47.2
49.3
Friday 22 September 2023 08:30
49.2
47.2
Tuesday 5 September 2023 08:30
48.7
49.5
Wednesday 23 August 2023 08:30
50.8
48.7
Thursday 3 August 2023 08:30
51.5
51.5
Monday 24 July 2023 08:30
53
51.5
Wednesday 5 July 2023 08:30
53.7
53.7
Friday 23 June 2023 08:30
54.8
53.7
Monday 5 June 2023 08:30
55.1
55.2
Tuesday 23 May 2023 08:30
55.5
55.1
Thursday 4 May 2023 08:30
54.9
55.9
Friday 21 April 2023 08:30
52.9
54.9
Wednesday 5 April 2023 08:30
52.8
52.9
Friday 24 March 2023 09:30
53
52.8
Friday 3 March 2023 09:30
53.3
53.5
Tuesday 21 February 2023 09:30
48.3
53.3
Friday 3 February 2023 09:30
48
48.7
Tuesday 24 January 2023 09:30
49.9
48
Thursday 5 January 2023 09:30
50
49.9
Friday 16 December 2022 09:30
48.5
50
Monday 5 December 2022 09:30
48.8
48.8
Wednesday 23 November 2022 09:30
48
48.8
Thursday 3 November 2022 09:30
47.5
48.8
Monday 24 October 2022 08:30
49
47.5
Wednesday 5 October 2022 08:30
49.2
50
Friday 23 September 2022 08:30
50
49.2
Monday 5 September 2022 08:30
52.5
50.9
Tuesday 23 August 2022 08:30
52
52.5
Wednesday 3 August 2022 08:30
53.3
52.6
Friday 22 July 2022 08:30
53
53.3
Tuesday 5 July 2022 08:30
53.4
54.3
Thursday 23 June 2022 08:30
53
53.4
Tuesday 7 June 2022 08:30
51.8
53.4
Tuesday 24 May 2022 08:30
57.3
51.8
Thursday 5 May 2022 08:30
58.3
58.9
Friday 22 April 2022 08:30
60
58.3
Tuesday 5 April 2022 08:30
61
62.6
Thursday 24 March 2022 09:30
58
61
Thursday 3 March 2022 09:30
60.8
60.5
Monday 21 February 2022 09:30
55.5
60.8
Thursday 3 February 2022 09:30
53.3
54.1
Monday 24 January 2022 09:30
55
53.3
Thursday 6 January 2022 09:30
53.2
53.6
Thursday 16 December 2021 09:30
57
53.2
Friday 3 December 2021 09:30
58.6
58.5

Economic context

Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Services PMI result:

PreviousLatest
S&P Global/CIPS Composite PMIBearish change51.849.9
S&P Global/CIPS Manufacturing PMIBearish change49.948.6
Retail Sales (MoM)Bearish change0.1%-0.7%
Retail Sales (YoY)Bearish change3.2%2.4%
Retail Sales ex-Fuel (MoM)Bearish change0.1%-0.9%
Retail Sales ex-Fuel (YoY)Bearish change3.2%2%
GfK Consumer ConfidenceBullish change-21-18
Consumer Price Index (MoM)Bullish change0%0.6%
Consumer Price Index (YoY)Bullish change1.7%2.3%
Core Consumer Price Index (YoY)Bullish change3.2%3.3%
PPI Core Output (MoM) n.s.aBullish change0%0.3%
PPI Core Output (YoY) n.s.a Bullish change1.4%1.7%
Producer Price Index - Output (MoM) n.s.aBullish change-0.4%0%
Producer Price Index - Output (YoY) n.s.aBearish change-0.6%-0.8%
Retail Price Index (MoM)Bullish change-0.3%0.5%
Retail Price Index (YoY)Bullish change2.7%3.4%
Gross Domestic Product (MoM)Bearish change0.2%-0.1%
Gross Domestic Product (QoQ)Bearish change0.5%0.1%
Gross Domestic Product (YoY)Bullish change0.7%1%
Industrial Production (MoM)Bearish change0.5%-0.5%
Manufacturing Production (MoM)Bearish change1.3%-1%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change4.9%4.8%
Average Earnings Including Bonus (3Mo/Yr)Bullish change3.9%4.3%
Claimant Count ChangeBearish change10.1K26.7K
Claimant Count Rate(no change)4.7%4.7%
Employment Change (3M)Bearish change373K219K
ILO Unemployment Rate (3M)Bearish change4%4.3%

About S&P Global/CIPS Services PMI

Country:United Kingdom
Currency:GBP
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

Related events

Australia
Gross Domestic Product (QoQ)
Canada
Gross Domestic Product Annualized
Switzerland
Gross Domestic Product s.a. (QoQ)
China
Non-Manufacturing PMI
China
Gross Domestic Product (YoY)
China
Gross Domestic Product (QoQ)
China
Industrial Production (YoY)
China
Caixin Services PMI
China
NBS Manufacturing PMI
China
Caixin Manufacturing PMI
Eurozone
Gross Domestic Product s.a. (YoY)
Eurozone
Gross Domestic Product s.a. (QoQ)
Japan
Gross Domestic Product (QoQ)
Japan
Tankan Large Manufacturing Index
New Zealand
Gross Domestic Product (YoY)
New Zealand
Gross Domestic Product (QoQ)
United Kingdom
Gross Domestic Product (YoY)
United Kingdom
Gross Domestic Product (QoQ)
United States
ISM Manufacturing PMI
United States
Gross Domestic Product Annualized
United States
ISM Services PMI
Australia
Private Capital Expenditure
Australia
National Australia Bank's Business Confidence (QoQ)
Australia
S&P Global Services PMI
Australia
S&P Global Composite PMI
Australia
AiG Industry Index
Australia
Gross Domestic Product (YoY)
Canada
Bank of Canada Business Outlook Survey
Canada
Gross Domestic Product (MoM)
Canada
Ivey Purchasing Managers Index
Canada
Ivey Purchasing Managers Index s.a
Canada
Gross Domestic Product (QoQ)
Canada
S&P Global Manufacturing PMI
Switzerland
Industrial Production (YoY)
Switzerland
Gross Domestic Product (YoY)
Switzerland
ZEW Survey – Expectations
Germany
ZEW Survey – Economic Sentiment
Germany
IFO – Current Assessment
Germany
Factory Orders n.s.a. (YoY)
Germany
S&P Global/BME Manufacturing PMI
Germany
Gross Domestic Product (QoQ)
Germany
IFO – Expectations
Germany
S&P Global/BME Composite PMI
Germany
ZEW Survey – Current Situation
Germany
IFO – Business Climate
Germany
Industrial Production n.s.a. w.d.a. (YoY)
Germany
S&P Global/BME Services PMI
Germany
Gross Domestic Product w.d.a (YoY)
Germany
Gross Domestic Product (YoY)
Germany
Factory Orders s.a. (MoM)
Germany
Industrial Production s.a. (MoM)
Eurozone
Sentix Investor Confidence
Eurozone
ZEW Survey – Economic Sentiment
Eurozone
S&P Global Composite PMI
Eurozone
Economic Sentiment Indicator
Eurozone
Industrial Production s.a. (MoM)
Eurozone
Business Climate
Spain
S&P Global Services PMI
Spain
Gross Domestic Product - Estimated (QoQ)
Spain
S&P Global Manufacturing PMI
Spain
Gross Domestic Product (QoQ)
India
HSBC Services PMI
India
Gross Domestic Product Quarterly (YoY)
India
HSBC Manufacturing PMI
India
HSBC Composite PMI
Italy
Gross Domestic Product (YoY)
Italy
S&P Global Manufacturing PMI
Italy
Gross Domestic Product (QoQ)
Italy
S&P Global Services PMI
Japan
Tankan Large All Industry Capex
Japan
Tankan Large Manufacturing Outlook
Japan
Gross Domestic Product Annualized
Japan
Gross Domestic Product Deflator (YoY)
South Korea
Gross Domestic Product Growth (QoQ)
New Zealand
Business NZ PMI
New Zealand
Business NZ PSI
New Zealand
NZIER Business Confidence (QoQ)
Poland
Purchasing Manager Index
United Kingdom
Manufacturing Production (MoM)
United Kingdom
Manufacturing Production (YoY)
United Kingdom
Gross Domestic Product (MoM)
United Kingdom
Industrial Production (MoM)
United States
Durable Goods Orders ex Defense
United States
Industrial Production (MoM)
United States
Factory Orders (MoM)
United States
Nondefense Capital Goods Orders ex Aircraft
United States
ISM Services New Orders Index
United States
ISM Manufacturing New Orders Index
United States
Philadelphia Fed Manufacturing Survey
United States
S&P Global Composite PMI
United States
NY Empire State Manufacturing Index
United States
Chicago Purchasing Managers' Index
United States
Durable Goods Orders ex Transportation
United States
Gross Domestic Product Price Index
United States
Durable Goods Orders
Continue to site >

Personal Trade Copier

Trade Mirror

Trading Simulator

Figaro App Suite

Publisher EA

Figaro Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?