The IHS Markit/CIPS UK Manufacturing PMI was revised slightly lower to 65.6 in May of 2021 from a preliminary of 66.1. The reading still pointed to a record growth in factory activity as output growth strengthened and new orders rose at the quickest pace in the near three-decade survey history. Looser pandemic restrictions and high levels of pent-up demand meant that the rapid revival in labour market conditions continued, with staffing levels also rising at a record pace. Shortages of raw materials and supply-chain disruption fed through to input costs during May, leading to the sharpest rise ever in purchasing costs. This led manufacturers to increase selling prices, with the rate of inflation hitting a survey record. May saw business sentiment rise to its highest level on record amid improved optimism reflected the end of the pandemic, economic recovery, planned business expansions, a revival in World trade flows and reduced supply-chain issues. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 52.01 points from 2008 until 2021, reaching an all time high of 65.60 points in May of 2021 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 June of 2021.
Manufacturing PMI in the United Kingdom is expected to be 59.50 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 52.80 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.60 points in 2022 and 52.90 points in 2023, according to our econometric models.