+0.3 on previous index reading
Key Points
- Services Pulse broadly unchanged in July
- Over a third of firms expect to increase basic pay over the next 12 months
- 61% have ambitions to grow their business in the next 1 to 3 years
Services Pulse
Services Pulse
Services Pulse
July 2021
92.2
Services Pulse
Demand / Turnover
Past 3 Months
48%
39%
13%
Balance +35%
(+8 on previous reading)
Services Pulse
Demand / Turnover
Next 3 Months
48%
44%
8%
Balance +39%
(-15 on previous reading)
Services Pulse
Jobs
Past 3 Months
19%
73%
8%
Balance +11%
(+8 on previous reading)
Services Pulse
Jobs
Next 3 Months
17%
79%
4%
Balance +12%
(-11 on previous reading)
Services Pulse
Input Costs Excluding Labour
Past 3 Months
50%
46%
4%
Balance +46%
(+7 on previous reading)
Services Pulse
Selling Prices
Next 3 Months
26%
72%
1%
Balance +25%
(0 on previous reading)
Services Pulse
Export Orders
Next 3 Months
22%
60%
18%
Balance +4%
Services Pulse
Pay Intentions
Next 12 Months
Change ResponseIncrease
| > 4% | 18% |
| 2% to 4% | 14% |
| < 2% | 5% |
Stay more or less the same
60%
Decrease
| < 2% | 0% |
| 2% to 4% | 1% |
| > 4% | 2% |
Services Pulse
Business Ambitions
Next 1 to 3 years
61% growth trajectory
39% less ambitious
21%Confident, actively pursuing opportunities
28% Prefer to stay same size
41%Plan to grow but remain cautious
10%Intend to scale down