The IHS Markit/CIPS UK Composite PMI rose to 52.4 in January 2020 from 49.3 in the previous month and beating market expectations of 50.6, a preliminary estimate showed. The reading pointed to the first expansion in the private sector in five months and the steepest in nearly one-and-a-half years, as services activities grew at the fastest pace in 16 months (PMI at 52.9 vs 50 in December) and manufacturing output rose to an 8-month high (PMI at 49.8 vs 47.5 in December) amid reduced political uncertainty following the general election. New work advanced at the sharpest rate since September 2018 and the job creation rate increased for the second consecutive month. On the price front, input cost inflation picked up to a four-month high and output prices advanced at the quickest pace since May last year. Lastly, optimism hit its highest level since June 2015, boosted by hopes that an end to domestic political indecision will have a favourable impact on investment.

Composite Pmi in the United Kingdom averaged 54.71 points from 2013 until 2020, reaching an all time high of 61.80 points in October of 2013 and a record low of 47.60 points in July of 2016. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics

Composite Pmi in the United Kingdom is expected to be 50.20 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 50.00 in 12 months time. In the long-term, the United Kingdom Composite Pmi is projected to trend around 52.80 points in 2020, according to our econometric models.


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United Kingdom Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
52.40 49.30 61.80 47.60 2013 - 2020 points Monthly
SA

News Stream
2020-01-06
UK December Composite PMI Revised Higher
The IHS Markit/CIPS UK Composite PMI was revised higher to 49.3 in December 2019 from a preliminary estimate of 48.5, and matching November's final reading. A stabilisation of service sector activity (PMI at 50.0 from 49.3 in November) was offset by a sharp and accelerated decline in manufacturing output (PMI at 47.5 from 48.9 in November).

2019-12-16
UK Private Sector Activity Shrinks the Most in 3-1/2-years
The IHS Markit/CIPS Flash UK Composite PMI declined to 48.5 in December of 2019 from 49.3 in November, below market expectations of 49.6. It is the deepest contraction in private sector activity since July of 2016, amid further drops in both manufacturing (47.4 from 48.9 in November, 4-month low) and services (49 from 49.3, 9-month low). Companies attributed lower business activity to a combination of domestic political uncertainty, a lack of clarity in relation to Brexit and subdued global economic conditions. Employment decreased for the fourth consecutive month, amid subdued order books and delays to decision making in the lead up to the general election. A sustained fall in new business intakes resulted in the sharpest reduction in backlogs of work since July 2016. On the price front, input price inflation remained low and softer cost pressures and intense competition for new work contributed to the slowest rise in prices charged by private sector firms since April 2016.

2019-12-04
UK Private Sector Output Shrinks in November
The IHS Markit/CIPS UK Composite PMI was revised higher to 49.3 in November 2019 from a preliminary 48.5 and compared to October's final 50.0. Still, the latest reading was the joint-lowest figure since July 2016, equalling that seen in September, and signalled a marginal reduction in private sector output. Both manufacturing and service sectors contracted.


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

United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence 23.00 -44.00 55.00 -75.00 points [+]
Manufacturing PMI 49.80 47.50 61.50 34.40 points [+]
Services PMI 52.90 50.00 62.50 40.10 points [+]
Industrial Production -1.60 -0.60 22.60 -12.00 percent [+]
Industrial Production Mom -1.20 0.40 9.70 -7.80 percent [+]
Manufacturing Production -2.00 -0.30 19.60 -16.90 percent [+]
Capacity Utilization 81.50 79.00 85.20 38.00 percent [+]
New Orders 10875.00 10922.00 25109.00 9381.00 GBP Million [+]
Factory Orders -22.00 -28.00 21.00 -79.00 Net Balance [+]
Changes in Inventories -8400.00 360.00 11359.00 -9083.00 GBP Million [+]
Bankruptcies 4355.00 4338.00 6924.00 924.00 Companies [+]
Corporate Profits 114104.00 111745.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -39.00 -38.30 61.00 -80.60 [+]
Car Production 107753.00 134752.00 185157.00 43773.00 Units [+]
Car Registrations 148997.00 156621.00 562337.00 33051.00 [+]
Small Business Sentiment -34.00 -24.00 40.00 -69.00 [+]
Internet Speed 16920.86 16337.23 16920.86 3085.89 KBps [+]
IP Addresses 27493519.00 26782989.00 27493519.00 13305856.00 IP [+]
Mining Production -2.50 -6.80 855.60 -90.50 percent [+]
Leading Economic Index 0.10 0.20 2.00 -2.00 percent [+]
Private Investment 0.00 0.10 51.50 -11.40 percent [+]
Steel Production 550.00 621.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.20 81.99 82.11 5.18 Points [+]
Competitiveness Rank 9.00 8.00 13.00 2.00 [+]
Composite Pmi 52.40 49.30 61.80 47.60 points [+]
Crude Oil Rigs 10.00 13.00 32.00 3.00 [+]
Ease of Doing Business 8.00 9.00 11.00 5.00 [+]
Electricity Production 28193.00 24869.00 38520.00 16152.00 Gigawatt-hour [+]
Corruption Index 77.00 80.00 87.00 74.00 Points [+]
Corruption Rank 12.00 11.00 20.00 8.00 [+]