Preliminary Index Indicating Economic Activity in the UK's Services Sector
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The flash Services Purchasing Managers' Index (PMI) is the initial indicator for assessing economic activity in the UK's service sector. This index is provided by IHS Markit and is based on surveys conducted among purchasing managers in the service industry. The survey covers new orders, inventory levels, employment conditions, delivery times, and price trends, with results published at the end of the month.
The PMI uses 50 as a baseline, with readings above 50 indicating expansion in the service sector and readings below 50 indicating contraction. The flash PMI is released during the final week of the month, providing an early assessment of service sector activity. This early data is highly significant for investors and policymakers as it offers quick feedback on economic outlook.
Since the service sector comprises a large part of the UK economy, this index is a crucial indicator for evaluating the health of the economy. The flash PMI has a significant impact on markets, and unexpected results can cause market volatility. Therefore, the flash Services PMI is an essential source of timely information for understanding economic trends.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
