U.K. Services Purchasing Managers Index (PMI)

  • U.K. Services Purchasing Managers Index (PMI) results in real time as they're announced. Read related news and analysis, get historical data, and see the immediate global market impact.
GBP
Actual
53.5
Forecast
53.3
Previous
48.7
Latest Release
Mar 03, 2023
Importance
Source
The Chartered Institute of Purchasing & Supply and the NTC Economics
Overview
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.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Mar 24, 2023 15:00 - 53.0
53.5
Mar 03, 2023 (Feb) 15:00 53.5 53.3
48.7
Feb 21, 2023 15:00 53.3 49.2
48.7
Feb 03, 2023 (Jan) 15:00 48.7 48.0
49.9
Jan 24, 2023 15:00 48.0 49.6
49.9

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  • suprabhat dey @suprabhat dey
    I think it will be negative for GBP.
    Like 0

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