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.