The IHS Markit/CIPS UK Manufacturing PMI fell to 52.9 in January of 2021 from 57.5 in December, well below market forecasts of 54. The reading pointed to the slowest growth in factory activity since June amid coronavirus lockdown restrictions, flash estimates showed. Lower levels of new orders, reduced employment and a swift depletion of pre-production inventories were the main factors weighing on the headline PMI. Also, shortages of critical manufacturing inputs hold back growth, due to a deterioration in supplier performance, almost exclusively linked to both Brexit disruption and a severe lack of international shipping availability. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 51.79 points from 2008 until 2021, reaching an all time high of 61.50 points in January of 2011 and a record low of 32.60 points in April of 2020. This page provides the latest reported value for - United Kingdom Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Manufacturing PMI in the United Kingdom is expected to be 51.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United Kingdom to stand at 52.00 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.60 points in 2022, according to our econometric models.