The IHS Markit/CIPS UK Manufacturing PMI rose to 51.9 in February 2020 from 50.0 in the previous month, defying market consensus of 49.7, a preliminary estimate showed. The latest reading pointed to the strongest improvement in overall business conditions since April 2019, as output growth accelerated to 10-month high and new work rose at the fastest pace since March 2019. Data also pointed to the sharpest monthly drop in the suppliers' delivery times index in nearly three decades of data collection, while pre-production inventories fell to the greatest extent since December 2012.

Manufacturing PMI in the United Kingdom averaged 51.91 points from 2008 until 2020, reaching an all time high of 61.50 points in January of 2011 and a record low of 34.40 points in November of 2008. 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. source: Markit Economics

Manufacturing PMI in the United Kingdom is expected to be 49.90 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 49.50 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 50.60 points in 2021, according to our econometric models.


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United Kingdom Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.90 50.00 61.50 34.40 2008 - 2020 points Monthly
SA


News Stream
UK Manufacturing Output Growth Hits 10-Month High
The IHS Markit/CIPS UK Manufacturing PMI rose to 51.9 in February 2020 from 50.0 in the previous month, defying market consensus of 49.7, a preliminary estimate showed. The latest reading pointed to the strongest improvement in overall business conditions since April 2019, as output growth accelerated to 10-month high and new work rose at the fastest pace since March 2019. Data also pointed to the sharpest monthly drop in the suppliers' delivery times index in nearly three decades of data collection, while pre-production inventories fell to the greatest extent since December 2012.
2020-02-21
UK Manufacturing PMI Revised Higher
The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 50.0 in January 2020 from a preliminary estimate of 49.8 and compared to the previous month's figure of 47.5. It was the strongest reading since last April, pointing to the stabilisation in the sector following eight consecutive months of contraction. New orders rebounded slightly despite a continued decline in exports, while the level of employment was broadly unchanged, halting a nine-month sequence of job losses. Meanwhile, inventories of purchases declined at the fastest pace since May 2013. On the price front, input cost inflation was the highest since last August, and output charges were up for the 45th straight month. Looking ahead, business optimism improved to an eight-month high boosted by reduced political uncertainty following the general election, higher demand, an expected recovery in export volumes and planned new product launches.
2020-02-03
UK Factory Activity Expands the Most in 9 Months
The IHS Markit/CIPS UK Manufacturing PMI rose to 49.8 in January 2020 from 47.5 in the previous month and well above market expectations of 48.9, a preliminary estimate showed. The latest reading was the highest since last April and signalled a broad stabilisation of business conditions across the manufacturing sector, boosted by higher levels of new work and a slight rise in employment. In addition, output fell the least since the current phase of decline began in June 2019, while stocks of purchases dropped sharply.
2020-01-24
UK Manufacturing Contraction Deepens
The IHS Markit/CIPS UK Manufacturing PMI was revised slightly higher to 47.5 in December 2019 from a preliminary estimate of 47.4, but well below the previous month's 48.9. Production declined by the most since July 2012 and incoming new work decreased for the eight consecutive month, due to ongoing concerns surrounding the economic, global trade and political outlooks. In addition, employment was reduced for the ninth month in a row, albeit at the weakest pace since August, amid weaker demand, productivity gains, cost reduction initiatives, ongoing uncertainties and recruitment freezes. On the price front, input costs rose slightly for the first time in three months and output charge inflation hit a six-month high. Looking ahead, business sentiment remained positive in December, supported by reduced uncertainty, new product launches, increased efficiency and improved client confidence.
2020-01-02

United Kingdom Manufacturing PMI
Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.