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Trading services were asked how their turnover in January 2026 compared to December 2025, excluding any seasonal trading. Information are plotted in the middle of the duration of each wave. Almost a 3rd (31%) of trading organizations reported that their turnover had decreased in January 2026 compared to the previous month.

Nevertheless, the motions are broadly in line with those observed around this time in previous years, with peaks in December followed by small falls in January. The industries with the greatest proportion reporting that turnover decreased in January 2026 were: the lodging and food service activities market (52%, which is a 21 portion point increase from December 2025) the other services industry (45%) the arts, home entertainment and recreation market (40%) Roughly 16% of trading companies reported that their turnover increased in January 2026, which was a 3 portion point increase compared to December 2025.

For trading companies with 10 or more staff members, 33% reported that their turnover had actually decreased, which was broadly steady compared with December and January 2025. More than one in five (23%) organizations reported that their turnover had actually increased, up 2 portion points compared to December 2025. Normally, the percentage of companies reporting that their turnover increased correlated to the size of business.

The exception to this was the proportion for companies with 250 or more employees, which was 25%, and 5 percentage points lower than December 2025 (30%). Trading businesses were asked how they anticipate their turnover to change in the coming month. This can then be used to predict how the company's turnover will actually change when that calendar month concludes.

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Although trends between expected turnover and real turnover have broadly moved in the exact same instructions, the motions for expectations tend to be bigger. For presentational functions, some action choices have actually been gotten rid of. Data are outlined in the middle of the duration of each wave. Caution ought to be taken when translating expectations questions, as the staff members reacting on behalf of organizations might not have complete oversight of all of their service's future expectations.

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More than one in five (21%) trading companies anticipate their turnover to increase in March 2026. This is a 6 percentage point increase from February 2026 however was broadly steady compared with expectations for March 2025 (22%). The percentage of trading services expecting a boost in January 2026 was 13%, while the percentage that reported a real increase in turnover in January 2026 was 16%, suggesting a small pessimism in services expectations.

Nevertheless, the trends have broadly followed each other because the concerns were introduced in April 2022. The outcomes for March 2026 follow the pattern from previous years, with the percentage of services anticipating turnover to increase peaking after a decline in January. Bigger organizations were more most likely to expect an increase in turnover in March, with the proportion varying from 20% for businesses with 0 to 9 employees, to 42% for services with 100 to 249 employees.

For presentational purposes, some action alternatives have actually been eliminated. Data are plotted in the middle of the duration of each wave. Caution ought to be taken when interpreting expectations questions, as the staff members responding on behalf of organizations may not have complete oversight of all of their company's future expectations. "." represents information not yet readily available.

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The proportion of trading organizations that anticipated a reduction in January 2026 was 25%, while the percentage that reported a real decrease in turnover in January 2026 was 31%. The percentage of services expecting turnover to reduce for a particular month ahead of time has remained substantially lower than the proportion of organizations reporting a real decline because month given that April 2022.

Expectations for turnover to decrease have regularly followed the exact same trend, as actual reported turnover decreases throughout this time. Trading companies were asked what difficulties, if any, were impacting their turnover in early February 2026. Around 3 in 10 (30%) trading organizations reported that economic uncertainty was having an effect on their turnover, which was broadly steady with early January 2026.

For trading organizations with 10 or more workers, cost of labour was the most frequently reported challenge, at 36%. Services with 10 to 49 workers were more likely to report expense of labour as an obstacle than organizations with 250 or more employees (37%, compared with 20%). One in 5 (20%) trading companies with 10 or more staff members showed that they were not presently experiencing any turnover difficulties in early February 2026.