The IHS Markit/CIPS UK Manufacturing PMI jumped to 55.2 in November of 2020 from 53.7 in October, beating market forecasts of 50.5, preliminary estimates showed. The reading pointed to a strong growth in factory activity amid a sustained recovery in production volumes after stoppages at the start of the pandemic. Survey respondents also commented on rising demand from export markets, especially in China and the EU. The latter was often linked to pre-purchasing due to Brexit uncertainty as European customers sought delivery of orders before the end of the transition period. Employment declined at a slower pace and supplier delivery times lengthened sharply amid severe delays at UK ports, alongside a robust degree of stock building as manufacturers sought to accumulate critical inputs before the end of the Brexit transition period on 31st December 2020. Finally, manufacturers remained optimistic amid hopes of an end to COVID-19 restrictions and positive vaccine news. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 51.75 points from 2008 until 2020, reaching an all time high of 61.50 points in January of 2011 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 November of 2020.
Manufacturing PMI in the United Kingdom is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United Kingdom to stand at 53.60 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.00 points in 2021 and 52.60 points in 2022, according to our econometric models.