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Services Pulse

Services Pulse

July 2019

Key Points

  • Services Pulse down in July
  • Over one in three firms expect to increase basic pay over the next 12 months
  • 65% have ambitions to grow their business in the next 1 to 3 years

Services Pulse

July 2019

Services Pulse

July 2019

81.8

-9.7 on previous index reading

Services Pulse

July 2019

Demand / Turnover

Past 3 Months

Shape Created with Sketch. 33%
53%
14%

Balance +19%

(-10 on previous reading)

Services Pulse

July 2019

Demand / Turnover

Next 3 Months

Shape Created with Sketch. 35%
55%
10%

Balance +25%

(-11 on previous reading)

Services Pulse

July 2019

Jobs

Past 3 Months

Shape Created with Sketch. 12%
80%
7%

Balance +5%

(-4 on previous reading)

Services Pulse

July 2019

Jobs

Next 3 Months

Shape Created with Sketch. 13%
83%
4%

Balance +9%

(-4 on previous reading)

Services Pulse

July 2019

Input Costs Excluding Labour

Past 3 Months

Shape Created with Sketch. 40%
57%
3%

Balance +37%

(-5 on previous reading)

Services Pulse

July 2019

Selling Prices

Next 3 Months

Shape Created with Sketch. 16%
81%
2%

Balance +14%

(-2 on previous reading)

Services Pulse

July 2019

Export Orders

Next 3 Months

Shape Created with Sketch. 32%
59%
9%

Balance +22%

Services Pulse

July 2019

Pay Intentions

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 4% 12%
2% to 4% 20%
< 2% 4%
Stay more or less the same
62%
Decrease
< 2% 0%
2% to 4% 1%
> 4% 1%

Services Pulse

July 2019

Business Ambitions

Next 1 to 3 years

65% growth trajectory
35% less ambitious

18%Confident, actively pursuing opportunities

27%Prefer to stay same size

47%Plan to grow but remain cautious

8%Intend to scale down