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Economic indicators are quick-read summaries of the latest data focusing on different aspects of the UK economy. The full suite of indicators can be found on the main Economic Indicators page.

The service industries include the retail sector, the financial sector, the public sector, business administration, leisure and cultural activities.

The service industries accounted for 81% of total UK economic output (gross value added) and 83% of employment in October to December 2025.

Services output

There was a fall of 0.2% in the Index of Services between March and April 2026.

Services output increased by 0.8% in February–April 2026 compared with November 2025–January 2026.

In February–April 2026, compared with February–April 2025, services output increased by 1.6%.

Chart and table showing changes in the Index of Services. Services output shrank briefly in late 2024 but has generally been increasing by 1% to 2% per year.

Purchasing Managers’ Index (PMI)

In the S&P Global PMI, a value of 50 means that there is no change in activity compared with the previous month. Values above 50 indicate an expansion, and values below 50 a contraction.

The UK services PMI (PDF) was 48.8 in June 2026, down from 49.3 in May. Business activity fell for the second month in a row, largely driven by a decrease in customer confidence (survey respondents said that the conflict in the Middle East and political uncertainty were to blame). Exports and employment continued to decrease. Although prices continued to rise, the rate of inflation decreased.

Chart and table showing the UK services PMI. The index has dipped below the neutral 50 mark a few times, but in recent months it has usually been slightly above 50.

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