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Services Pulse

Services Pulse

July 2022

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

July 2022

Services Pulse

July 2022

79.0

-6.0 on previous index reading

Services Pulse

July 2022

Demand / Turnover

Past 3 Months

Shape Created with Sketch. 35%
50%
16%

Balance +19%

(-16 on previous reading)

Services Pulse

July 2022

Demand / Turnover

Next 3 Months

Shape Created with Sketch. 30%
55%
15%

Balance +15%

(-8 on previous reading)

Services Pulse

July 2022

Jobs

Past 3 Months

Shape Created with Sketch. 13%
81%
6%

Balance +8%

(-1 on previous reading)

Services Pulse

July 2022

Jobs

Next 3 Months

Shape Created with Sketch. 10%
84%
6%

Balance +4%

(-7 on previous reading)

Services Pulse

July 2022

Input Costs Excluding Labour

Past 3 Months

Shape Created with Sketch. 82%
17%
0%

Balance +82%

(+1 on previous reading)

Services Pulse

July 2022

Selling Prices

Next 3 Months

Shape Created with Sketch. 47%
51%
2%

Balance +45%

(+3 on previous reading)

Services Pulse

July 2022

Export Orders

Next 3 Months

Shape Created with Sketch. 33%
54%
14%

Balance +19%

Services Pulse

July 2022

Pay Intentions

Next 12 Months

Change Response
Shape Created with Sketch. Increase
>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

July 2022

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