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.