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Services Pulse

Services Pulse

July 2021

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

July 2021

Services Pulse

July 2021

92.2

+0.3 on previous index reading

Services Pulse

July 2021

Demand / Turnover

Past 3 Months

Shape Created with Sketch. 48%
39%
13%

Balance +35%

(+8 on previous reading)

Services Pulse

July 2021

Demand / Turnover

Next 3 Months

Shape Created with Sketch. 48%
44%
8%

Balance +39%

(-15 on previous reading)

Services Pulse

July 2021

Jobs

Past 3 Months

Shape Created with Sketch. 19%
73%
8%

Balance +11%

(+8 on previous reading)

Services Pulse

July 2021

Jobs

Next 3 Months

Shape Created with Sketch. 17%
79%
4%

Balance +12%

(-11 on previous reading)

Services Pulse

July 2021

Input Costs Excluding Labour

Past 3 Months

Shape Created with Sketch. 50%
46%
4%

Balance +46%

(+7 on previous reading)

Services Pulse

July 2021

Selling Prices

Next 3 Months

Shape Created with Sketch. 26%
72%
1%

Balance +25%

(0 on previous reading)

Services Pulse

July 2021

Export Orders

Next 3 Months

Shape Created with Sketch. 22%
60%
18%

Balance +4%

Services Pulse

July 2021

Pay Intentions

Next 12 Months

Change Response
Shape Created with Sketch. Increase
> 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

July 2021

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