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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 23, 2024
Actual
54.9
Forecast
53.0
Previous
53.1
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) 10:30     54.9
Apr 23, 2024 10:30   54.9 53.0 53.1
Apr 04, 2024 (Mar) 10:30 53.1 53.4 53.8
Mar 21, 2024 11:30   53.4 53.8 53.8
Mar 05, 2024 (Feb) 11:30 53.8 54.3 54.3
Feb 22, 2024 11:30   54.3 54.2 54.3

News

Dollar retreats ahead of PMI data; euro, sterling gain
Dollar retreats ahead of PMI data; euro, sterling gain By Investing.com - Feb 22, 2024

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

Chris Turner
FX Daily: Choppy Trading By Chris Turner - Apr 18, 2023

FX markets continue to be buffeted by opposing forces and are struggling to define short-term trends. Despite some positive Chinese activity data, Asian currencies are not rallying, suggesting that...

Chris Turner
FX Daily: Climbing the Wall of Worry By Chris Turner - Mar 06, 2023

USD: How Strong is the US Economy and What Will the Fed Do About It? After a few weeks where US price data has taken centre stage, this week will all be about activity data and Fed speak. On the...

Services PMI Discussion

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