The S&P Global/CIPS UK Manufacturing PMI was revised lower to 52.1 in July of 2022 from a preliminary of 52.2, continuing to point to the lowest growth in factory activity since June of 2020, mainly reflecting downturns in the consumer and intermediate goods sub-industries. Output contracted for the first time in over two years amid reduced intakes of new work, weaker market demand, difficulties in sourcing components and transportation delays. Also, new orders declined, linked to the cost of living crisis, weak domestic demand, client uncertainty, warmer-than-usual weather and lower intakes of new export business. New export orders were also lower from Europe, the US and China. Meanwhile, employment rose the most in three months and backlogs of work were reduced while there were further signs that cost inflation and supply chain stresses were both passed their respective peaks. Finally, business optimism was unchanged from June's two-year low. source: Markit Economics

Manufacturing PMI in the United Kingdom averaged 52.43 points from 2008 until 2022, reaching an all time high of 65.60 points in May of 2021 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 August of 2022.

Manufacturing PMI in the United Kingdom is expected to be 54.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.90 points in 2023 and 53.40 points in 2024, according to our econometric models.

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United Kingdom Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 52.60 54.30 points Jul 2022
Manufacturing PMI 52.10 52.80 points Jul 2022
Composite PMI 52.10 53.70 points Jul 2022

United Kingdom Manufacturing PMI
Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
52.10 52.80 65.60 32.60 2008 - 2022 points Monthly
SA

News Stream
UK Manufacturing PMI Revised Lower
The S&P Global/CIPS UK Manufacturing PMI was revised lower to 52.1 in July of 2022 from a preliminary of 52.2, continuing to point to the lowest growth in factory activity since June of 2020, mainly reflecting downturns in the consumer and intermediate goods sub-industries. Output contracted for the first time in over two years amid reduced intakes of new work, weaker market demand, difficulties in sourcing components and transportation delays. Also, new orders declined, linked to the cost of living crisis, weak domestic demand, client uncertainty, warmer-than-usual weather and lower intakes of new export business. New export orders were also lower from Europe, the US and China. Meanwhile, employment rose the most in three months and backlogs of work were reduced while there were further signs that cost inflation and supply chain stresses were both passed their respective peaks. Finally, business optimism was unchanged from June's two-year low.
2022-08-01
UK Manufacturing PMI at 25-Month Low
The S&P Global/CIPS UK Manufacturing PMI fell to a two-year low of 52.2 in July of 2022 from 52.8 in June, but above market expectations of 52. Manufacturing output declined for the first time since May 2020, dragged by the sharpest drop in new work in over two years, reflecting subdued client confidence and weaker demand conditions. Consequently, backlogs of work also dropped to a two-year low. In the meantime, employment levels edged higher. On the price front, inflationary pressures slowed to its lowest in 18 months, aided by lower costs of raw materials and broadly stabilized fuel prices. Looking forward, lower levels of new work and pessimism regarding the global economy pressured business confidence to a 26-month low.
2022-07-22
UK Manufacturing PMI Revised Lower
The S&P Global/CIPS UK Manufacturing PMI fell to a two-year low of 52.8 in June of 2022 from 54.6 in May. Figures were revised lower from an initial estimate of 53.4. Output growth grind to a near-standstill pace and new orders contract for the first time in 17 months. Across industries, consumer goods producers saw a marked downturn in output, while robust expansion was again registered in the investment goods industry. Meanwhile, increased employment was linked to higher output, staff shortages and efforts to reduce backlogs of work. Also, inflationary pressures remained elevated due to raw material shortages, stretched supply chains, higher prices for commodities, electronics, energy, oil, paper, plastics and timber. Higher costs were passed on, in part, to clients in the form of increased selling prices. Finally, business optimism dipped to its lowest since May 2020.
2022-07-01