United Kingdom Services PMI  Forecast 2016-2020

Services PMI in the United Kingdom is expected to be 54.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in the United Kingdom to stand at 51.90 in 12 months time. In the long-term, the United Kingdom Services PMI is projected to trend around 54.10 Index Points in 2020, according to our econometric models.

United Kingdom Services PMI
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Services PMI 53.3 54.2 52.8 51.4 51.9 54.1 Index Points
United Kingdom Services PMI Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of United Kingdom Services PMI using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - United Kingdom Services PMI - was last predicted on Thursday, March 23, 2017.
United Kingdom Business Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 15 15 -4 2 3 1
Services PMI 53.3 54.2 52.8 51.4 51.9 54.1
Manufacturing PMI 54.6 54.7 53.8 51.1 51.5 53.1
Industrial Production 3.2 1.9 1.6 1.7 1.5 1.5
Industrial Production Mom -0.4 0.5 0.1 -0.1 0.4 0.3
Manufacturing Production 2.7 2 1.8 2 1.9 2.2
Capacity Utilization 81.7 81.8 81.9 82 82.1 81.7
New Orders 12704 14160 14420 14650 14880 15980
Factory Orders 8 6 -4 -5 -6 -2
Changes in Inventories 1461 720 573 694 670 250
Bankruptcies 5564 3640 3620 3520 3400 2800
Corporate Profits 105484 102000 105000 106000 107000 113000
Zew Economic Sentiment Index -45.7 -27.5 -11 -4 -8 11.6
Car Production 147922 162000 160000 161000 121000 132000
Car Registrations 83115 522000 259000 468000 187000 196000
Small Business Sentiment 16 5 2 4 6 2
Steel Production 730 690 630 610 680 850
Mining Production 4.9 2.8 2.9 1.8 2.8 2
Corruption Index 81 82 82 82 82 85
Corruption Rank 10 9 9 9 9 6
Competitiveness Index 5.49 5.49 5.49 5.49 5.49 5.59
Competitiveness Rank 7 9 7 7 7 5
Composite Pmi 53.8 54.4 54.1 53.8 53.6 52.8
Ease of Doing Business 7 6 6 6 6 5
Electricity Production 31780 26700 24700 25900 29900 30200