05.11.202509:42:30UTC+00UK Services Sector Expands More than Initially Thought

The final reading for the S&P Global UK Services PMI in October 2025 showed a positive adjustment to 52.3, up from the initial estimate of 51.1. This figure also represents a healthy rebound from the five-month low of 50.8 recorded in September. This improvement demonstrates a modest expansion in the services sector, with increased domestic demand driving a recovery in order books. However, despite ongoing business uncertainty and delays in substantial expenditure ahead of the upcoming Budget, new international orders declined for the second successive month. Employment levels experienced a slight decrease, yet this was the most minor reduction since consecutive declines began in October 2024. On the pricing front, input cost inflation, while still high, softened for the second consecutive month, hitting its lowest rate since November 2024. The rise in prices charged was at its most modest since June. Finally, business outlook for output improved significantly to a one-year peak in October, influenced by reduced borrowing costs and planned investments in new technologies.