S&P Global Services PMIs: June 2025
Global - 7/3/2025
Asia Pacific
- Australia - 7/2/2025
- Singapore (Composite only) – 7/3/2025
- Hong Kong (Composite only) – 7/3/2025
- Japan – 7/3/2025
- China – 7/3/2025
- India – 7/3/2025
- Russia – 7/3/2025
- Kazakhstan – 7/3/2025
Africa & Middle East
- Nigeria (Composite only) - 7/1/2025
- Qatar (Composite only) - 7/3/2025
- Kuwait (Composite only) - 7/3/2025
- Egypt (Composite only) - 7/3/2025
- UAE (Composite only) - 7/3/2025
- Uganda (Composite only) – 7/3/2025
- South Africa (Composite only) – 7/3/2025
- Lebanon (Composite only) – 7/3/2025
- Ghana (Composite only) – 7/3/2025
- Zambia (Composite only) – 7/3/2025
- Saudi Arabia (Composite only) – 7/3/2025
- Mozambique (Composite only) – 7/3/2025
- Kenya (Composite only) – 7/3/2025
Europe
- Ireland – 7/3/2025
- Spain – 7/3/2025
- Italy – 7/3/2025
- France – 7/3/2025
- Germany – 7/3/2025
- Eurozone – 7/3/2025
- UK – 7/3/2025
North & South America
Key Results
Australia
Australia’s S&P Services PMI increased 1.2 pts to 51.8 in June, the highest since May 2024.
- New orders increased, driven by domestic sources of demand, while foreign demand contracted at the sharpest pace in 3.5 years.
- Services firms saw optimism rise to the highest level since May 2022.
China
The Caixin China General Services PMI fell -0.5 pts to 50.6 in June, the lowest in 9 months, indicating a softening in services activity.
- New business growth slowed, with new export orders falling at the fastest pace since December 2022.
- Employment declined for the third time in four months, contributing to the largest backlog buildup in a year.
- Input costs rose marginally, but output prices were cut at the sharpest pace since April 2022 due to competitive pressures.
- Business sentiment improved for a second month but remained well below the historical average.
- Composite PMI rose to 51.3 (from 49.6), as manufacturing rebounded and offset weaker services growth; selling prices fell at the fastest pace in over two years.
India
The S&P India Services PMI rose 1.6 pts to 60.4 in June, the highest in 10 months, signaling strong growth in activity driven by robust domestic and export demand.
- New orders expanded at the fastest pace since August 2024, with export orders remaining strong despite slowing modestly.
- Employment rose for the 37th straight month, though job creation softened from May’s record.
- Input cost inflation eased to a 10-month low, while output charge inflation also moderated but remained above the long-run average.
- Backlogs rose slightly, reflecting mild capacity pressures.
- Business optimism stayed positive but fell to its lowest level since mid-2022, below the long-run trend.
- The Composite PMI climbed to 61.0 (from 59.3), the strongest in 14 months, as manufacturing and services both contributed to broad-based private sector expansion.
Eurozone
The S&P Eurozone Composite PMI rose to 50.6 in June from 50.2 in May, a 3-month high, signaling modest expansion in private sector output as both manufacturing and services activity increased.
- The Services PMI rose to 50.5 (from 49.7), also a 3-month high, with growth driven by employment gains and improved sentiment.
- New business fell for the 13th consecutive month, but the rate of contraction was the weakest in over a year.
- Input price inflation held at a 6-month low; services saw sustained cost pressures, while manufacturing input costs declined.
- Output charges rose at the fastest pace in 3 months, with services firms increasing prices more than manufacturers.
- Business confidence improved to its highest level since July 2024, though it remained below the long-run average.
UK
The S&P Global UK Services PMI rose to 52.8 in June, up from 50.9in May, the highest in 10 months, reflecting the fastest pace of growth since August 2024 amid a rebound in domestic demand.
- New orders increased for the first time in three months, led by domestic sales; export sales fell for the third straight month.
- Employment declined for a ninth consecutive month, with job shedding slightly faster than in May due to cost concerns and weak capacity pressures.
- Input cost inflation eased to a 6-month low, while output charge inflation slowed to the weakest pace since February 2021.
- Business confidence remained positive but softened from May amid concerns over UK economic prospects and geopolitical risks.
- The Composite PMI rose to 52.0 (from 50.3), marking the fastest private sector growth since September 2024.
US
The S&P Global US Services PMI fell -0.8 pts to 52.9 in June, indicating slower but still solid growth in services activity as tariffs and policy uncertainty weighed on momentum.
- New business rose at a softer pace, while export sales declined for the third straight month, marking the steepest quarterly drop since late 2022.
- Input and output prices remained elevated, though inflation eased slightly from May’s near 2-year highs.
- Employment growth accelerated to a 5-month high, driven by rising workloads and improved hiring success.
- Business confidence stayed positive but softened further, remaining below the long-run average amid trade and policy concerns.
- The Composite PMI held nearly flat at 52.9 (vs 53.0 in May), with manufacturing rebounding and supporting overall private sector output.