The IHS Markit/CIPS UK Manufacturing PMI was revised lower to 54.1 in September 2020, from a preliminary estimate of 54.3 and compared with August's two-and-a-half year high of 55.2. The latest reading pointed to a fourth consecutive month of growth, its longest sequence in expansion territory since early-2019. Output increased for the fourth month in a row, helped by improved inflows of new work, companies reopening and staff returning to work. New export business rose the most for 21 months due to stronger demand from Europe, Asia and North America. Meanwhile, job losses were registered for the eighth straight month, although the rate of reduction eased to its lowest since February. On the price front, input cost inflation accelerated to a 21-month high, leading manufacturers to raise selling prices. Looking ahead, business confidence remained close to July's 28-month high on hopes of continued recovery.
Manufacturing PMI in the United Kingdom averaged 51.71 points from 2008 until 2020, 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 October of 2020. source: Markit Economics
Manufacturing PMI in the United Kingdom is expected to be 54.30 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 55.00 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.00 points in 2021 and 52.60 points in 2022, according to our econometric models.