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.