The IHS Markit/CIPS UK Composite PMI was revised higher to 62.9 in May 2021, from a preliminary estimate of 62.0, to signal the steepest rate of expansion since this series began in January 1998. Rapid rates of output growth were seen in both the manufacturing and service sectors, supported by business and consumer spending, while the pace of job creation was the highest since June 2014. On the price front, input costs rose the most since August 2008 and the rate of charge inflation was the highest on record. source: Markit Economics

Composite PMI in the United Kingdom averaged 53.67 points from 2013 until 2021, reaching an all time high of 62.90 points in May of 2021 and a record low of 13.80 points in April of 2020. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Composite PMI in the United Kingdom is expected to be 62.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in the United Kingdom to stand at 54.00 in 12 months time. In the long-term, the United Kingdom Composite PMI is projected to trend around 53.80 points in 2022 and 54.00 points in 2023, according to our econometric models.

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United Kingdom Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
62.90 60.70 62.90 13.80 2013 - 2021 points Monthly
SA


News Stream
UK Private Sector Growth Hits Record High
The IHS Markit/CIPS UK Composite PMI was revised higher to 62.9 in May 2021, from a preliminary estimate of 62.0, to signal the steepest rate of expansion since this series began in January 1998. Rapid rates of output growth were seen in both the manufacturing and service sectors, supported by business and consumer spending, while the pace of job creation was the highest since June 2014. On the price front, input costs rose the most since August 2008 and the rate of charge inflation was the highest on record.
2021-06-03
UK Private Sector Output Growth at Record High
The IHS Markit/CIPS UK Composite PMI rose to 62.0 in May 2021, from 60.7 in the previous month, to signal the fastest rate of growth since the index was first compiled in January 1998, a preliminary estimate showed. Both manufacturing and service sectors expanded at solid rates, helped by looser pandemic restrictions and high levels of pent up demand. The pace of job creation was the fastest since June 2014, while cost pressures intensified, with average cost burdens rising the most since August 2008 and output charge inflation jumping to an all-time high. Business expectations for the next 12 months edged up to a Comment new record high during May, largely reflecting a surge in order books and a faster than anticipated recovery in demand since the lockdown period.
2021-05-21
UK Private Sector Output Growth at 7-1/2-Year High
The IHS Markit/CIPS UK Composite PMI was revised higher to 60.7 in April 2021, from a preliminary estimate of 60, pointing to the fastest increase in private sector business activity for seven-and-a-half years. Manufacturers signaled the steepest upturn in output since last August, while service providers experienced the quickest increase in activity since October 2013. Overall employment growth was the highest since October 2015 and business confidence hit a new record high.
2021-05-06
UK Private Sector Growth at Over 7-Year High
The IHS Markit/CIPS UK Composite PMI climbed to 60.0 in April 2021, from 56.4 in the previous month and well above market forecasts of 58.2, a preliminary estimate showed. The latest reading signaled the strongest overall increase in UK private sector output since November 2013, supported by the fastest expansion in service activity since August 2014 and the steepest pace of growth in factory activity for almost 27 years. Overall new business volumes increased the most for nearly seven years, boosted by the strongest rise in new work from abroad since the end of the Brexit transition period on 31st December 2020. At the same time, employment growth was the highest since August 2017 and business confidence remained close to March's record high. On the price front, average prices charged continued to increase at one of the fastest rates for the past three-and-a-half years.
2021-04-23

United Kingdom Composite PMI
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.