The IHS Markit/CIPS UK Services PMI was revised lower to 58.8 in August 2020 from a preliminary estimate of 60.1 and compared to July's final 56.5. The latest reading pointed to the steepest month of expansion since April 2015 due to the reopening of the UK economy after the lockdown period in the second quarter. Inflows of new work increased the most since December 2016 helped by stronger demand across the housing market, rising spending as a result of the UK government's Eat Out to Help Out scheme. Meanwhile, new work from abroad decreased for the seventh successive month, while employment and backlogs of work continued to fall. On the price front, input cost inflation slowed amid subdued wage pressures, while average prices charged by service providers were broadly unchanged. Lastly, business confidence eased for the first time since March amid concerns about the strength of the recovery as government support measures taper off.

Services PMI in the United Kingdom averaged 53.12 points from 2007 until 2020, reaching an all time high of 62.50 points in October of 2013 and a record low of 13.40 points in April of 2020. This page provides the latest reported value for - United Kingdom Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Markit Economics