The S&P/CIPS UK Manufacturing PMI fell to a 23-month low 53.4 in June of 2022 from 54.6 in May, missing market expectations of 53.7. Output growth slowed the most since February of 2021 amid weaker demand and significant supply issues. To add, new order volumes were slightly lower, pointing to the weakest performance in two years with stronger declines in export orders. On the other hand, staffing numbers were seen higher among UK manufacturers. On the price front, input inflation was pushed up by higher energy costs and raw material prices, although the overall gauge eased to a four-month low. Looking forward, inflation concerns and impending cutbacks to spending pressured business confidence to its lowest since the start of the pandemic. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 52.43 points from 2008 until 2022, 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 2022.
Manufacturing PMI in the United Kingdom is expected to be 54.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.90 points in 2023 and 53.40 points in 2024, according to our econometric models.