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Services Pulse

Services Pulse

January 2019

Key Points

  • Services Pulse down in January
  • Almost one in two firms expect to increase basic pay over the coming year
  • 64% have ambitions to grow their business in the next 1 to 3 years

Services Pulse

January 2019

Services Pulse

January 2019

87.2

-0.7 on previous index reading

Services Pulse

January 2019

Demand / Turnover

Past 3 Months

Shape Created with Sketch. 32%
57%
11%

Balance +20%

(-2 on previous reading)

Services Pulse

January 2019

Demand / Turnover

Next 3 Months

Shape Created with Sketch. 43%
49%
8%

Balance +35%

(+8 on previous reading)

Services Pulse

January 2019

Jobs

Past 3 Months

Shape Created with Sketch. 8%
86%
6%

Balance +3%

(-2 on previous reading)

Services Pulse

January 2019

Jobs

Next 3 Months

Shape Created with Sketch. 16%
81%
3%

Balance +13%

(+4 on previous reading)

Services Pulse

January 2019

Input Costs Excluding Labour

Past 3 Months

Shape Created with Sketch. 40%
57%
2%

Balance +38%

(-1 on previous reading)

Services Pulse

January 2019

Selling Prices

Next 3 Months

Shape Created with Sketch. 32%
65%
3%

Balance +28%

(0 on previous reading)

Services Pulse

January 2019

Export Orders

Next 3 Months

Shape Created with Sketch. 25%
67%
7%

Balance +18%

Services Pulse

January 2019

Pay Intentions

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 4% 15%
2% to 4% 25%
< 2% 6%
Stay more or less the same
53%
Decrease
< 2% 0%
2% to 4% 0%
> 4% 0%

Services Pulse

January 2019

Business Ambitions

Next 1 to 3 years

64% growth trajectory
36% less ambitious

22%Confident, actively pursuing opportunities

26%Prefer to stay same size

42%Plan to grow but remain cautious

10%Intend to scale down