The S&P Global/CIPS UK Composite PMI was at 53.1 in June 2022, unchanged from the 15-month low seen in May and above market expectations of 52.6, flash estimates showed. Resilient business activity trends were seen across the service economy as a whole, but manufacturing production growth eased further to its lowest since February 2021. Demand conditions remained subdued in June, with new order growth slowing for the fourth month running and to a greater extent than seen during May. Worries about customer spending cutbacks and the impact of rapid inflation on the longer-term economic outlook led to another fall in business activity expectations. Optimism at UK private sector companies has declined in each month since February and is now the lowest for just over two years. source: Markit Economics

Composite PMI in the United Kingdom averaged 54.06 points from 2013 until 2022, 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 June of 2022.

Composite PMI in the United Kingdom is expected to be 52.30 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 and 53.80 points in 2024, according to our econometric models.

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United Kingdom Composite PMI



Related Last Previous Unit Reference
Services PMI 53.40 53.40 points Jun 2022
Manufacturing PMI 53.40 54.60 points Jun 2022
Composite PMI 53.10 53.10 points Jun 2022

United Kingdom Composite PMI
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.
Actual Previous Highest Lowest Dates Unit Frequency
53.10 53.10 62.90 13.80 2013 - 2022 points Monthly
SA

News Stream
UK Private Sector Growth Unchanged at 15-Month Low
The S&P Global/CIPS UK Composite PMI was at 53.1 in June 2022, unchanged from the 15-month low seen in May and above market expectations of 52.6, flash estimates showed. Resilient business activity trends were seen across the service economy as a whole, but manufacturing production growth eased further to its lowest since February 2021. Demand conditions remained subdued in June, with new order growth slowing for the fourth month running and to a greater extent than seen during May. Worries about customer spending cutbacks and the impact of rapid inflation on the longer-term economic outlook led to another fall in business activity expectations. Optimism at UK private sector companies has declined in each month since February and is now the lowest for just over two years.
2022-06-23
UK Private Sector Growth Revised Higher, Still 15-Month Low
The S&P Global/CIPS UK Composite PMI was revised higher to 53.1 in May of 2022 from a preliminary reading of 51.8, but remaining well below the 58.2 from the previous month to mark the lowest growth rate in 15 months. The reading reflected significant monthly decreases for both the manufacturing (54.6 vs 55.8 in April) and the service (53.4 vs 58.9) sectors. UK private sector firms recorded a slowdown in growth of business activity and new orders, as cost pressures dented consumer demand. Aggregated input price inflation rose to a fresh survey record, as the inflation in the service economy more than offset the slight moderation that took place among manufacturers, while prices charged rose across all industries and was only slightly lower than record levels from the previous month. Looking forward, business confidence slipped to 17-month lows for both sectors, pressured by rising inflation and growth concerns amid the war in Ukraine.
2022-06-07
UK Private Sector Growth Slumps to 15-Month Low
The S&P Global/CIPS UK Composite PMI registered 51.8 in May, down sharply from 58.2 in April, to signal the slowest rise in business activity since the current phase of recovery began in March 2021. Moreover, the month-on-month loss of momentum in May (-6.4 index points) was the fourth-largest on record and exceeded anything seen prior to the pandemic. UK private sector firms signaled a sharp slowdown in business activity growth during May as escalating inflationary pressures and heightened geopolitical uncertainty acted as constraints on customer demand. Latest data indicated the fastest rise in operating expenses since this index began in January 1998. Concerns about squeezed margins and weaker order books resulted in a considerable drop in business expectations for the year ahead. This index signaled the lowest private sector growth projections since May 2020.
2022-05-24