23.09.202508:42:46UTC+00UK Services PMI Falls Sharply in September

The S&P Global Flash UK Services PMI decreased to 51.9 in September 2025, down from 54.2 in August—a peak not seen since April 2024. This figure fell short of the anticipated 53.5, signifying a deceleration in the services sector. Service providers highlighted stronger business and consumer spending, but the overall momentum was hampered by subdued economic conditions in the UK and increased geopolitical uncertainty. The report noted a significant increase in operating expenses for service providers, driven by rising wage pressures and attempts by suppliers to offset higher payroll costs. Additionally, increases in energy bills, food prices, and technology costs were reported. Firms within the service sector experienced a notable uptick in the prices they charged, with inflation rates only marginally below the average observed thus far in the year. Lastly, business confidence diminished due to challenging economic conditions, tighter client budgets, and elevated business uncertainty.