06.01.202609:43:23UTC+00UK Services Sector PMI Revised Down

The S&P Global UK Services PMI experienced a downward revision for December 2025, coming in at 51.4 compared to the preliminary estimate of 52.1, yet slightly surpassing November's figure of 51.3. This adjustment marks the sector's eighth successive month of expansion, although the growth rate remains marginal and mirrors the previous month's pace. In December, total new work saw a rebound, reporting modest growth with an expansion rate notably above the 2025 average. Survey participants indicated initial signs of recovering client confidence following a prolonged period of pre-Budget concerns. Despite this, employment within the sector continued to decline for the fifteenth month in a row. However, the reduction rate slowed compared to November, as entities faced heightened wage pressures and tightened profit margins. Regarding price dynamics, inflationary pressures intensified; input costs increased at their highest rate in seven months, and output charge inflation recovered from November's recent low. Finally, business activity projections for the upcoming year showed improvement from November, marking the second-highest optimism since October 2024.