All the updated news related to service sector

All the news related to service sector updated in real time

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City

Service sector growth slows as business confidence takes a hit

Confidence among bosses in the UK services sector has sunk to its lowest level in 18 months as higher prices slowed a recovery in the industry, according to new data. The fall in confidence was due to rising costs for products and services in the ...

05 May 2022 at 11:25

Growth improves in UK service sector but new orders slow to 16-month low

The UK’s services sector saw activity improve last month, although new order growth slowed to a 16-month low as economic uncertainty and inflation are expected to impact spending. The closely watched S&P Global/Cips UK services PMI survey scored ...

05 Jul 2022 at 11:30

Service sector at worst point since Alpha variant lockdown, survey suggests

The UK’s service sector has seen its worst month since the Alpha variant of Covid-19 forced most of the country into lockdown 17 months ago. A new survey has estimated that growth in the sector is at the lowest it has been since February 2021, ...

03 Aug 2022 at 11:32

City

UK service sector shrinks for first time since February 2021

The UK’s service sector shrank last month for the first time since February last year as businesses said they were hit by higher borrowing costs following the fallout from the mini-budget. The S&P Global/CIPS UK services PMI survey showed a ...

03 Nov 2022 at 12:13

Service sector breaks from 18 months of growth, survey suggests

The UK’s service sector has interrupted 18 months of consecutive growth to stagnate for the first time since lockdowns as customers across the country tightened their belts. Under-pressure household budgets could not stretch as far and as ...

05 Oct 2022 at 11:48

New PM faces mounting recession risk after activity contracts in August – report

Britain’s new prime minister is facing a “heightened risk of recession” following new figures signalling the private sector contracted in August after activity slumped in the services sector. The widely-followed S&P Global/CIPS UK ...

05 Sept 2022 at 12:26

City

Service sector recovers in December but stops short of growth

The UK’s services sector continued to struggle in December, but almost managed to get back into neutral territory, according to an influential survey. The sector saw its best performance since September, and evidence showed that ...

05 Jan 2023 at 10:48

UK ‘teeters on precipice of recession’ as business output drops sharply

Private sector business activity in the UK suffered its sharpest drop in two years this month, as the risk of Britain falling into recession intensifies, according to influential figures. Preliminary data from the so-called ...

24 Jan 2023 at 10:35

Sterling jumps as recession fears ease after expectation-beating business survey

The pound shot up on Tuesday as recession fears eased after a new survey confounded expectations by suggesting that the UK’s private sector has returned to growth this month. The monthly flash purchasing managers’ index ...

21 Feb 2023 at 14:08

Private sector growth slows faster than expected – PMIs

Growth in the UK’s private sector has slowed much faster than expected this month as the country’s manufacturing firms saw the steepest drop in production for four months. The S&P Global/CIPS flash UK purchasing ...

23 May 2023 at 10:04

UK service sector rebounds in February as recession fears start to fade

The UK’s service sector bounced back to growth in February in a sign that recession fears have eased and business optimism has improved. Business activity grew for the first time in six months, and at the ...

03 Mar 2023 at 11:07

UK’s services sector hit by slowdown, but continues to grow

The UK’s service sector is on a three-month growth spree, however new data showed a slowdown between February and March despite record export growth. The S&P Global/CIPS UK services PMI survey showed a ...

05 Apr 2023 at 10:16

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chartered institute of procurement & supply
economy
inflation
pmi
retail
s&p global
services
services sector

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