The IHS Markit/CIPS UK Manufacturing PMI stood at 40.7 in May 2020, little-changed from a preliminary estimate of 40.6 and above April's record low of 32.6. Still, the latest reading still pointed to a marked deterioration in overall operating conditions as the public lockdowns, company shutdowns and social distancing measures mandated to contain the coronavirus pandemic caused further disruption. Output, new orders and export sales continued to fall at steep rates, albeit less sharply than the records set in April, while the pace of job shedding was the second-highest on record. On the price front, input cost inflation remained subdued as higher costs resulting from supply-chain disruptions were partly offset by supplier discounts offered in response to weak demand and also lower prices for oil, oil by-products and plastics. Looking ahead, business confidence rose to a three-month high, but remained downbeat by the historical standards of the survey.

Manufacturing PMI in the United Kingdom averaged 51.67 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 June of 2020. source: Markit Economics

Manufacturing PMI in the United Kingdom is expected to be 54.00 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 51.20 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.

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United Kingdom Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
40.70 32.60 61.50 32.60 2008 - 2020 points Monthly
SA


News Stream
UK Manufacturing Downturn Continues in May
The IHS Markit/CIPS UK Manufacturing PMI stood at 40.7 in May 2020, little-changed from a preliminary estimate of 40.6 and above April's record low of 32.6. Still, the latest reading still pointed to a marked deterioration in overall operating conditions as the public lockdowns, company shutdowns and social distancing measures mandated to contain the coronavirus pandemic caused further disruption. Output, new orders and export sales continued to fall at steep rates, albeit less sharply than the records set in April, while the pace of job shedding was the second-highest on record. On the price front, input cost inflation remained subdued as higher costs resulting from supply-chain disruptions were partly offset by supplier discounts offered in response to weak demand and also lower prices for oil, oil by-products and plastics. Looking ahead, business confidence rose to a three-month high, but remained downbeat by the historical standards of the survey.
2020-06-01
UK Manufacturing Remains in Contraction Territory
The IHS Markit/CIPS Flash UK Manufacturing PMI rose to 40.6 in May 2020 from an all-time low of 32.6 in the previous month, easily beating market expectations 36, a preliminary estimate showed. Still, the latest reading pointed to the second-steepest contraction in the manufacturing sector since February 2009, with 54 percent of companies reporting a fall in output, while 24 percent signalled an expansion since the previous month, mostly linked to healthcare-related products. Meanwhile, new orders and employment continued to fall sharply, while manufacturers also noted a reduced plant capacity following social distancing measures.
2020-05-21
UK Manufacturing PMI Revised to New Low
The IHS Markit/CIPS UK Manufacturing PMI was revised lower to 32.6 in April 2020 from a preliminary estimate of 32.9. The latest reading pointed to the steepest month of contraction in the sector since the survey began in January 1992, with output, new orders, exports and employment all falling at record pace due to the coronavirus pandemic, while vendor lead times lengthened to the greatest extent so far. On the price front, input costs rose the least for five months as higher prices resulting from shortages and transportation costs were partly offset by lower oil prices and some suppliers lowering their charges in the face of weak demand. Selling price inflation was at a near four-year low. Looking ahead, the degree of positive sentiment was up only slightly from March’s record low.
2020-05-01
UK Manufacturing PMI Falls to Record Low
The IHS Markit/CIPS UK Manufacturing PMI fell to 32.9 in April of 2020 from 47.8 in the previous month, and below market consensus of 42.0, a preliminary estimate showed. The latest reading pointed to the steepest month of contraction in the sector since the survey began in January 1992. Goods producers overwhelmingly linked lower output to plant shutdowns or reduced production capacity, as well as cancelled orders across manufacturing supply chains following the COVID-19 pandemic. The sharpest drop in output was registered in the textiles & clothing sector, largely reflecting collapsed demand from the retail sector, though the transport sector, including car production, also reported an especially steep decline.
2020-04-23

United Kingdom Manufacturing PMI
Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.