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Services Pulse

Services Pulse

April 2022

Key Points

  • Services Pulse broadly unchanged in April
  • Firms downgrade near-term expectations for business activity and hiring
  • 56% have ambitions to grow in the next 1 to 3 years

Services Pulse

April 2022

Services Pulse

April 2022

92.6

+0.2 on previous index reading

Services Pulse

April 2022

Demand / Turnover

Past 3 Months

Shape Created with Sketch. 45%
44%
11%

Balance +34%

(0 on previous reading)

Services Pulse

April 2022

Demand / Turnover

Next 3 Months

Shape Created with Sketch. 41%
49%
10%

Balance +31%

(-12 on previous reading)

Services Pulse

April 2022

Jobs

Past 3 Months

Shape Created with Sketch. 13%
80%
7%

Balance +6%

(+4 on previous reading)

Services Pulse

April 2022

Jobs

Next 3 Months

Shape Created with Sketch. 21%
77%
2%

Balance +19%

(-3 on previous reading)

Services Pulse

April 2022

Input Costs Excluding Labour

Past 3 Months

Shape Created with Sketch. 78%
21%
1%

Balance +77%

(+1 on previous reading)

Services Pulse

April 2022

Selling Prices

Next 3 Months

Shape Created with Sketch. 47%
53%
0%

Balance +47%

(0 on previous reading)

Services Pulse

April 2022

Export Orders

Next 3 Months

Shape Created with Sketch. 49%
47%
5%

Balance +44%

Services Pulse

April 2022

Business Ambitions

Next 1 to 3 years

56% growth trajectory
44% less ambitious

19%Confident, actively pursuing opportunities

34% Prefer to stay same size

38%Plan to grow but remain cautious

9%Intend to scale down