The IHS Markit/CIPS UK Composite PMI was revised higher to 54.9 in September of 2021 from a preliminary of 54.1, still pointing to a much weaker growth in private sector activity than the peak seen earlier this summer. Slower manufacturing growth was a key factor (52.7 vs 54.1 in August, the weakest since February), largely due to severe supply chain difficulties at home and abroad. Service sector growth (55.4 vs 55) has now outpaced the manufacturing recovery for four months in a row. There was also a slowdown in private sector job creation from the survey-record high seen in the previous month. Manufacturers saw a particularly steep slowdown in employment growth, with staffing numbers rising at the weakest pace since January. Shortages of candidates to fill vacancies were widely reported across the private sector. Turning to inflationary pressures, latest data pointed to the steepest rise in output charges since this index began in November 1999. source: Markit Economics
Composite PMI in the United Kingdom averaged 53.84 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 October 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.