The IHS Markit/CIPS UK Composite PMI came in at 57.6 in November 2021, little-changed from the preliminary estimate of 57.7 and the previous month's final reading of 57.8. Service sector growth remained much stronger than the recovery in manufacturing production, with the latter once again held back by shortages of raw materials and electronics components. New order growth and the pace of job creation remained strong overall, while inflationary pressure continued to build. Operating expenses across the UK private sector was the steepest since January 1998, while prices charged by businesses also increased at the sharpest pace in more than two decades. source: Markit Economics

Composite PMI in the United Kingdom averaged 53.91 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 December of 2021.

Composite 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. In the long-term, the United Kingdom Composite PMI is projected to trend around 53.80 points in 2022 and 53.40 points in 2023, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Composite PMI


Related Last Previous Unit Reference
Services PMI 58.50 59.10 points Nov/21
Manufacturing PMI 58.10 57.80 points Nov/21
Composite PMI 57.60 57.80 points Nov/21

News Stream
UK Output Growth Remains Strong in November
The IHS Markit/CIPS UK Composite PMI came in at 57.6 in November 2021, little-changed from the preliminary estimate of 57.7 and the previous month's final reading of 57.8. Service sector growth remained much stronger than the recovery in manufacturing production, with the latter once again held back by shortages of raw materials and electronics components. New order growth and the pace of job creation remained strong overall, while inflationary pressure continued to build. Operating expenses across the UK private sector was the steepest since January 1998, while prices charged by businesses also increased at the sharpest pace in more than two decades.
2021-12-03
UK Private Sector Growth Slows Less than Expected
The IHS Markit/CIPS UK Composite PMI edged down to 57.7 in November 2021 from 57.8 in the previous month, above market expectations of 57.5, a preliminary estimate showed. New order intakes increased at the strongest pace since June, fuelled by robust rises in business and consumer spending while exports expanded only marginally. Meanwhile, staffing numbers have now picked up in each of the past nine months, although the latest increase was the slowest since April. Around 63% of UK private sector companies reported an increase in their average cost burdens during November, while only 1% signalled a decline. The resulting index pointed to the steepest rate of input price inflation since the series began in January 1998 driven by higher wages and a spike in prices paid for fuel, energy and raw materials. Exceptionally strong cost pressures meant that prices charged by manufacturers increased at the steepest rate since the index began 20 years ago.
2021-11-23
UK Composite PMI Revised Higher
The IHS Markit/CIPS UK Composite PMI was revised higher to 57.8 in October 2021, from a preliminary estimate of 56.8 and well above the previous month's final 54.9. The latest reading pointed to a robust and accelerated increase in UK private sector business activity, with service sector activity outpacing manufacturing for the fifth consecutive month and by the widest margin since February 2009, as the latter was hit by supply shortages. Overall new business volumes increased at a strong pace and the rate of job creation remained close to a recent record high, while backlogs of work were up for an eight straight month. On the price front, input and output costs rose at record rates.
2021-11-03

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