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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom S&P Global Services PMI fell to 49.3 in May 2026
FMPMonthlyReleased June 2026
United Kingdom S&P Global Services PMI fell to 49.3 in May 2026, released June 2026, down 3.4 from April's 52.7 reading. The reading matched the 47.9 consensus.
Latest Release
49.300000
Actual
47.900000
Consensus
52.700000
Previous
Median Absolute Error
±0.95
across last 12 releases
Last Call
Jun 2026
Predicted: 46.97
Actual: 49.3
Error: -2.33
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▼ Inverse | −0.55 | INDEX | Bearish FTSE 100 | → View |
| S&P 500 | ▼ Inverse | −0.47 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (United Kingdom) was reported at 49.30 in May 2026. This beat the market consensus of 47.90 by 1.40. The reading fell from the previous value of 52.70. Over the past 12 months, the indicator has averaged 51.75, ranging from 47.90 to 54.20 across 20 releases.
WHY IT MATTERS
The trailing three releases averaged 49.47, down from the prior three at 53.00. Volatility over the past year (σ 1.57) is higher than the prior year (σ 1.31). In June readings over the past 3 years, S&P Global Services PMI has averaged 51.12.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.95.
WHAT TO WATCH NEXT
The next release is scheduled for June 23, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Services PMI - UK
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About S&P Global Services PMI — United Kingdom
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 49.3, consensus 47.9. Prior reading (May 2026): 47.9. Before that (Apr 2026): 52.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bearish FTSE 100, r=-0.55) — a useful reference for index-focused traders.