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.

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United Kingdom Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.10 55.20 61.50 32.60 2008 - 2020 points Monthly
SA


News Stream
UK Manufacturing Recovery Continues in September
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.
2020-10-01
UK Factory Activity Slows Slightly Less than Expected
The IHS Markit/CIPS UK Manufacturing PMI fell to 54.3 in September of 2020 from 55.2 in August which was the strongest reading since February of 2018. Figures came better than market forecasts of 54.1, preliminary estimates showed. Output and new business growth both eased from August's recent peaks, which was partly linked to a slowing of the catch-up effect while plant capacity was brought back on line through the summer. Export sales were a brighter spot in September, partly helped by rising demand from clients in Asia. Latest data signalled the fastest expansion of total new work from abroad since February 2018. In contrast to the downward trend in business optimism reported across the private sector as a whole, manufacturing companies indicated that confidence held steady in September.
2020-09-23
UK Factory Activity Growth Highest since 2018
The IHS Markit/CIPS UK Manufacturing PMI was revised slightly lower to 55.2 in August of 2020 from 55.3 in the preliminary estimate. Still, the reading pointed to the strongest growth in factory activity since February of 2018 as companies and their clients restarted operations following the coronavirus lockdowns. Production rose the most since May of 2014 and new orders saw the fastest increase since November of 2017, with the domestic market remaining the prime source of new contract wins, although new export orders rose moderately for the first time in ten months. Meanwhile, employment declined at one of the steepest rates during the past 11 years and input price inflation reached a 20-month high due to reduced availability for certain inputs and supply-chain disruption caused by COVID-19. Finally, business sentiment remained positive in August, staying close to July's 28-month high.
2020-09-01
UK Factory Growth Strongest in 2-1/2 Years
The Markit/CIPS Manufacturing PMI for the UK jumped to 55.3 in August of 2020 from 53.3 in July, beating market forecasts of 53.8. The reading pointed to the strongest increase in factory activity since February of 2018, preliminary figures showed. Production rose the most since April of 2014, which highlighted a continued recovery from the low point seen in the second quarter of 2020. Goods producers noted that easing lockdown measures had led to a restart of their supply chains and efforts by customers to replenish inventories. Incoming new work also rose sharply. In contrast, employment fell further despite improving demand. Moreover, business optimism eased slightly since July as some manufacturers began to cite worries about the sustainability of the recovery over the longer term.
2020-08-21

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.