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.