2026.06.0308:30:00UTC+00UK Services Activity Edges Higher in May as S&P Global Services PMI Rises to 49.3

The United Kingdom’s services sector showed signs of stabilisation in May, with the S&P Global Services PMI rising to 49.3, up from 47.9 previously. The latest reading, updated on 03 June 2026, indicates that while activity remains just below the 50-point threshold that separates expansion from contraction, the pace of decline has moderated.

The improvement from the prior 47.9 suggests that conditions in the UK’s dominant services industry have become less weak, hinting at potential groundwork for a return to growth if momentum continues. However, with the index still under 50 in May 2026, the data signals that the sector has not yet fully shifted back into expansionary territory.