-6.0 on previous index reading
Key Points
- Services Pulse down in July
- One in two firms expects to increase basic pay over the next 12 months
- 56% have ambitions to grow their business in the next 1 to 3 years
Services Pulse
Services Pulse
Services Pulse
July 2022
79.0
Services Pulse
Demand / Turnover
Past 3 Months
35%
50%
16%
Balance +19%
(-16 on previous reading)
Services Pulse
Demand / Turnover
Next 3 Months
30%
55%
15%
Balance +15%
(-8 on previous reading)
Services Pulse
Jobs
Past 3 Months
13%
81%
6%
Balance +8%
(-1 on previous reading)
Services Pulse
Jobs
Next 3 Months
10%
84%
6%
Balance +4%
(-7 on previous reading)
Services Pulse
Input Costs Excluding Labour
Past 3 Months
82%
17%
0%
Balance +82%
(+1 on previous reading)
Services Pulse
Selling Prices
Next 3 Months
47%
51%
2%
Balance +45%
(+3 on previous reading)
Services Pulse
Export Orders
Next 3 Months
33%
54%
14%
Balance +19%
Services Pulse
Pay Intentions
Next 12 Months
Change ResponseIncrease
| >4% | 29% |
| 2% to 4% | 20% |
| <2% | 2% |
Stay more or less the same
48%
Decrease
| <2% | 0% |
| 2% to 4% | 1% |
| >4% | 0% |
Services Pulse
Business Ambitions
Next 1 to 3 years
56% growth trajectory
44% less ambitious
15%Confident, actively pursuing opportunities
34% Prefer to stay same size
41%Plan to grow but remain cautious
10%Intend to scale down