The IHS Markit/CIPS UK Composite PMI was revised higher to 53.6 in December of 2021 from a preliminary of 53.2, still pointing to the weakest pace of expansion since the current phase of growth began in March as weaker momentum in the service economy more than offset a quicker pace of recovery among manufacturing companies. For the first time since May, service sector growth (PMI at 53.6 in December, down from 58.5 in November) failed to outpace that seen among manufacturing companies (PMI at 53.6 in December, up from 52.7). UK private sector companies indicated another steep increase in their average cost burdens in December, but the rate of inflation eased from November's record high. Manufacturers and service providers alike saw the least marked rise in operating expenses for three months. Softer cost pressures resulted in a slowdown in output charge inflation across the private sector for the first time since August. source: Markit Economics

Composite PMI in the United Kingdom averaged 53.91 points from 2013 until 2021, reaching an all time high of 62.90 points in May of 2021 and a record low of 13.80 points in April of 2020. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Composite PMI in the United Kingdom is expected to be 54.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Composite PMI is projected to trend around 53.40 points in 2023, according to our econometric models.

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United Kingdom Composite PMI


Related Last Previous Unit Reference
Services PMI 53.60 58.50 points Dec/21
Manufacturing PMI 57.90 58.10 points Dec/21
Composite PMI 53.60 57.60 points Dec/21

News Stream
UK Business Activity Growth Weakest since Recovery Began in March
The IHS Markit/CIPS UK Composite PMI was revised higher to 53.6 in December of 2021 from a preliminary of 53.2, still pointing to the weakest pace of expansion since the current phase of growth began in March as weaker momentum in the service economy more than offset a quicker pace of recovery among manufacturing companies. For the first time since May, service sector growth (PMI at 53.6 in December, down from 58.5 in November) failed to outpace that seen among manufacturing companies (PMI at 53.6 in December, up from 52.7). UK private sector companies indicated another steep increase in their average cost burdens in December, but the rate of inflation eased from November's record high. Manufacturers and service providers alike saw the least marked rise in operating expenses for three months. Softer cost pressures resulted in a slowdown in output charge inflation across the private sector for the first time since August.
2022-01-06
UK Private Sector Growth Eases to 10-Month Low
The IHS Markit/CIPS UK Composite PMI dropped to 53.2 in December 2021 from 57.6 in the previous month, missing market expectations of 56.4, a preliminary estimate showed. The latest reading pointed to the weakest pace of expansion in the private sector since February, due to a slowdown in service sector growth amid tighter pandemic restrictions and renewed business uncertainty related to the Omicron variant. Inflows of new orders also increased at a softer pace, while the pace of job creation remained strong. Pressure on business capacity meanwhile eased considerably, as signaled by the smallest rise in backlogs of work for nine months. On the price front, input cost inflation eased from November's record high and prices charged inflation moderated to its weakest since August. Looking ahead, business confidence was the weakest since October 2020.
2021-12-16
UK Output Growth Remains Strong in November
The IHS Markit/CIPS UK Composite PMI came in at 57.6 in November 2021, little-changed from the preliminary estimate of 57.7 and the previous month's final reading of 57.8. Service sector growth remained much stronger than the recovery in manufacturing production, with the latter once again held back by shortages of raw materials and electronics components. New order growth and the pace of job creation remained strong overall, while inflationary pressure continued to build. Operating expenses across the UK private sector was the steepest since January 1998, while prices charged by businesses also increased at the sharpest pace in more than two decades.
2021-12-03

United Kingdom Composite PMI
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.