Challenges
S&P Global/CIPS Services PMI
Most recent - Tuesday 23 May 2023 08:30
Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
Next event - Monday 5 June 2023 08:30
The typical/expected market impact of this event is low.
The consensus forecast for S&P Global/CIPS Services PMI is 55.1. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Trading range
Forecast history
The most recent announced value for S&P Global/CIPS Services PMI was 55.1 against a forecast of 55.5.
Past events
Economic context
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global/CIPS Manufacturing PMI | Bullish change | 46.9 | 47.1 | ||
| Retail Sales (MoM) | Bullish change | -1.2% | 0.5% | ||
| Retail Sales (YoY) | Bullish change | -3.9% | -3% | ||
| Retail Sales ex-Fuel (MoM) | Bullish change | -1.4% | 0.8% | ||
| Retail Sales ex-Fuel (YoY) | Bullish change | -4% | -2.6% | ||
| Consumer Price Index (MoM) | Bullish change | 0.8% | 1.2% | ||
| Consumer Price Index (YoY) | Bearish change | 10.1% | 8.7% | ||
| Core Consumer Price Index (YoY) | Bullish change | 6.2% | 6.8% | ||
| PPI Core Output (MoM) n.s.a | Bearish change | 0.3% | 0% | ||
| PPI Core Output (YoY) n.s.a | Bearish change | 8.3% | 6% | ||
| Retail Price Index (MoM) | Bullish change | 0.7% | 1.5% | ||
| Retail Price Index (YoY) | Bearish change | 13.5% | 11.4% | ||
| S&P Global/CIPS Composite PMI | Bearish change | 54.9 | 53.9 | ||
| S&P Global/CIPS Manufacturing PMI | Bearish change | 47.8 | 46.9 |
About S&P Global/CIPS Services PMI
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |