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.