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05.08.202509:20:38UTC+00UK Services Sector Growth Slows Less than Initially Thought

The S&P Global UK Services PMI for July 2025 saw a slight upward revision to 51.8, from an initial estimate of 51.2. However, this is still lower than June's figure of 52.8, the highest in nearly a year. Business activity experienced growth for the third consecutive month, although service providers continue to grapple with soft client sentiment and sales challenges stemming from ongoing global economic uncertainty. Overall, new work saw a decline in July, with the contraction rate marking the fastest since November 2022. Export sales similarly decreased, though the decline was minor and happened at a slower rate than the previous month.

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