FX.co ★ UK's Services Sector Faces Setback as PMI Dips in July

The United Kingdom's services sector has experienced a slowdown as the S&P Global Services PMI dropped to 51.2 in July 2025 from 52.8 in June, signaling a cooling in the pace of growth. The latest data was updated on the 24th of July, marking a concerning shift for one of the largest contributors to the UK economy.

The services PMI, a key indicator of economic health, reflects the sector's lowest growth rate in several months. A reading above 50 indicates expansion; however, the decline suggests that the rate of growth is losing momentum. Economists had been monitoring these figures closely amid global economic uncertainties and domestic pressures.

The deceleration in the services sector could reflect various challenges including subdued consumer demand and potential impacts from geopolitical tensions. As the sector grapples with these headwinds, stakeholders will be keen to see whether this trend will continue in the coming months and how it might influence the broader UK economic landscape.