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.

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United Kingdom Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
59.10 57.00 61.80 13.80 2013 - 2020 points Monthly
SA


News Stream
UK Private Sector Output Expands at Fastest Pace for 6 Years
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.
2020-09-03
UK Private Sector Output Grows Most Since 2013
The IHS Markit/CIPS UK Composite PMI climbed to 60.3 in August 2020 from 57.0 in the previous month, easily beating market expectations of 57.1, a preliminary estimate showed. The latest reading signaled the fastest rate of business activity expansion since October 2013 boosted by the reopening of the UK economy after the lockdown period in the second quarter of the year and a subsequent increase in both consumer and business spending. Service sector activity expanded the most since August 2014 and manufacturing production growth quickened to over six-year high.
2020-08-21
UK Private Sector Activity Growth at 5-Year High
The IHS Markit/CIPS UK Composite PMI came in at 57.0 in July 2020, little-changed from a preliminary estimate of 57.1 and well above June's reading of 47.7, signaling the fastest pace of expansion since June 2015. Manufacturing output growth was the strongest since November 2017 and service sector activity expanded by the most for five years.
2020-08-05
UK Private Sector Growth at 5-Year High
The IHS Markit/CIPS UK Composite PMI climbed to 57.1 in July 2020 from 47.7 in the previous month, easily beating market consensus of 51.1, a preliminary estimate showed. The latest reading pointed to the steepest month of expansion in the private sector since June 2015 as more businesses restarted operations following the easing of lockdown measures to contain the coronavirus pandemic. New orders rebounded firmly boosted by domestic demand, while employment numbers continued to fall sharply. Lower staffing levels were typically linked to redundancies in response to subdued workloads and higher operating costs. Looking ahead, business confidence towards the year ahead outlook remained well above March's record low.
2020-07-24

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