The IHS Markit/CIPS UK Composite PMI was revised lower to 59.1 in August 2020 from a preliminary estimate of 60.3 and July's final 57.0. The latest reading signaled the strongest expansion of private sector business activity since August 2014 as service sector output grew the most for over five years and manufacturing production increased to the greatest extent since May 2014. Still, employment continued to fall and business optimism weakened.
Composite Pmi in the United Kingdom averaged 53.72 points from 2013 until 2020, reaching an all time high of 61.80 points in October of 2013 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 September of 2020. source: Markit Economics
Composite Pmi in the United Kingdom is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in the United Kingdom to stand at 54.50 in 12 months time. In the long-term, the United Kingdom Composite Pmi is projected to trend around 52.00 points in 2021 and 52.80 points in 2022, according to our econometric models.