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.

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United Kingdom Composite PMI


News Stream
UK Private Sector Growth Edges Up in September
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.
2021-10-05
UK Private Sector Growth Edges Down in September
The IHS Markit/CIPS UK Flash Composite PMI edged down to 54.1 in September of 2021 from 54.8 in August, slightly below forecasts of 54.5. The reading pointed to the slowest growth in private sector activity since February. Although both monitored sectors saw rates of expansion ease, the slowdown was more pronounced in manufacturing where production rose only modestly amid severe supply-chain disruption and signs of demand softening. Rates of expansion in both output and new orders were each the weakest in the respective seven-month sequences of growth. The rate of job creation remained elevated, however, driven by strong hiring at service providers. Meanwhile, inflationary pressures showed little sign of abating, with input costs up sharply again and charges raised to the greatest extent on record.
2021-09-23
UK Composite PMI Revised Lower to 6-Month Low
The IHS Markit/CIPS UK Composite PMI was revised down to 54.8 in August 2021, from a preliminary estimate of 55.3 and well below 59.2 in the previous month, signaling a much slower speed of recovery across the private sector economy. Both services and manufacturing sectors grew at the weakest rates for six months, amid reports of shortages of staff and raw materials. Still, private sector employment numbers increased at the fastest pace since this index began in January 1998. Finally, strong inflationary pressures continued in August, but the latest rise in overall cost burdens was the slowest for three months. Meanwhile, prices charged inflation eased since July in both the manufacturing and service sectors.
2021-09-03
UK Output Growth Slows to 6-Month Low
The IHS Markit/CIPS UK Composite PMI fell to 55.3 in August 2021, from 59.2 in July and below market consensus of 58.4, a preliminary estimate showed. The latest reading signaled the slowest expansion of output since the UK private sector returned to growth in March, as weaker recoveries were seen in both the manufacturing and service sectors, with the latter recording the greatest loss of momentum since July. Output and new order growth rates slowed, amid reports of constraints on business activity due to staff shortages and supply chain issues. Meanwhile, the pace of job creation hit an all-time high, while backlogs of work increased for the sixth month in a row as businesses struggled to keep up with customer demand.
2021-08-23

United Kingdom Last Unit Reference Previous Highest Lowest
Services PMI 55.40 points Sep/21 55.00 62.90 13.40
Manufacturing PMI 57.10 points Sep/21 60.30 65.60 32.60
Composite PMI 54.90 points Sep/21 54.80 62.90 13.80


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