The IHS Markit/CIPS UK Composite PMI rose to 49.8 in February 2021, up from 41.2 in the previous month and well above market consensus of 42.2, a preliminary estimate showed. The latest reading signaled broadly stable levels of UK private sector output, helped by the smallest decline in service sector activity in four months and a pick up in manufacturing output expansion. source: Markit Economics

Composite PMI in the United Kingdom averaged 53.47 points from 2013 until 2021, reaching an all time high of 61.80 points in October of 2013 and a record low of 13.80 points in April of 2020. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Composite PMI in the United Kingdom is expected to be 51.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in the United Kingdom to stand at 52.00 in 12 months time. In the long-term, the United Kingdom Composite PMI is projected to trend around 52.00 points in 2022 and 52.80 points in 2023, according to our econometric models.

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United Kingdom Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.80 41.20 61.80 13.80 2013 - 2021 points Monthly
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News Stream
UK Private Sector Output Nears Stabilization in February
The IHS Markit/CIPS UK Composite PMI rose to 49.8 in February 2021, up from 41.2 in the previous month and well above market consensus of 42.2, a preliminary estimate showed. The latest reading signaled broadly stable levels of UK private sector output, helped by the smaller decline in service sector activity in four months and a pick up in manufacturing output expansion.
2021-02-19
UK Private Sector Activity Shrinks Less than Initially Estimated
The IHS Markit/CIPS UK Composite PMI was revised higher to 41.2 in January of 2021 from a preliminary of 40.6 and compared to 50.4 in December. Still, the reading pointed to the sharpest contraction in the private sector activity since May of 2020 due to the impact of restrictions on trade and temporary business closures during the third national lockdown. January data highlighted divergent trends between the manufacturing (54.1 vs 57.5) and service (39.5 vs 49.4) sectors. Employment decreased for the eleventh month and sharply rising input prices were seen across the private sector, led by transportation bills and the pass through of rising shipping costs by suppliers. On a more positive note, business expectations picked up since December in both the manufacturing and service sector. Measured overall, confidence across the UK private sector reached its highest level since May of 2014.
2021-02-03
UK Composite PMI at 8-Month Low
The IHS Markit/CIPS UK Composite PMI dropped to 40.6 in January 2021 from 50.4 in the previous month, below market forecasts of 45.5, a preliminary estimate showed. The index was the lowest since May 2020 and much weaker than in the second national lockdown period during November (49.0). However, the speed of the downturn in UK private sector output was still softer than at the start of the pandemic (13.8 in April 2020), with many businesses citing successful efforts to adapt and prepare for new COVID-19 restrictions. Volumes of new work meanwhile decreased for the fourth consecutive month in January. Higher operating expenses, squeezed margins and lower demand also contributed to a modest acceleration in the pace of private sector job shedding in January. Finally, business expectations for the next 12 months picked up slightly since December and was the highest since May 2014.
2021-01-22
UK December Composite PMI Revised Lower
The IHS Markit/CIPS UK Composite PMI was revised lower to 50.4 in December 2020, from a preliminary estimate of 50.7 and compared with November's five-month low. The latest reading signaled only a slight rise in private sector output, mainly supported by manufacturing production. In contrast, service sector activity decreased again due to falling demand and restrictions on trade due to the COVID-19 pandemic. Meanwhile, total new business volumes were little-changed. On the price front, input costs increased at a faster and robust pace. Looking ahead, business optimism about the year ahead outlook remained close to November's 68-month peak, amid hopes of a swift improvement in UK economic conditions as the pandemic is brought under control in 2021.
2021-01-06

United Kingdom Composite PMI
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.