UK services activity reaches highest level since August as price growth accelerates
The S&P Global UK Services PMI rose to 54.0 in January as business confidence improved. This growth comes alongside a sharp rise in prices charged by firms.
Insights:
The S&P Global UK Services Purchasing Managers Index rose to 54.0 in January, marking the highest level of activity since August 2025 and indicating a strengthening of the services sector in the United Kingdom 
GB. This reading follows a December services PMI of 51.4, with any figure above the 50.0 threshold representing growth in activity. While the final figure was slightly lower than a preliminary flash reading of 54.3, which would have been the highest since April 2024, it signals robust expansion as the Bank of England prepares to announce its latest interest-rate decision on Thursday.
GB. This reading follows a December services PMI of 51.4, with any figure above the 50.0 threshold representing growth in activity. While the final figure was slightly lower than a preliminary flash reading of 54.3, which would have been the highest since April 2024, it signals robust expansion as the Bank of England prepares to announce its latest interest-rate decision on Thursday.
