The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 58.9 in March 2021, from a preliminary estimate of 57.9 and above February's 55.1. The latest reading pointed to the steepest month of expansion in factory activity since February 2011, supported by stronger demand from both domestic and overseas markets, the vaccine roll-out and preparations for the planned loosening of lockdown restrictions. Manufacturing output increased at the quickest pace since last November and new business rose at the second-fastest pace for over three years. In addition, jobs growth was at a seven-year high, supported by the sharpest rise in backlogs of work for 11 years. Meanwhile, supply-chain disruption and inflationary pressures mounted. Looking ahead, business confidence was at its most elevated for seven years. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 51.87 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 April of 2021.
Manufacturing PMI in the United Kingdom is expected to be 55.00 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 52.80 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.60 points in 2022 and 52.90 points in 2023, according to our econometric models.