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.

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United Kingdom Manufacturing 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 Manufacturing PMI
Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
53.40 54.60 65.60 32.60 2008 - 2022 points Monthly
SA

News Stream
UK Manufacturing PMI at 23-Month Low
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.
2022-06-23
UK Manufacturing PMI Confirmed at 16-Month Low
The S&P Global/CIPS UK Manufacturing PMI fell to 54.6 in May of 2022 from 55.8 in April, pointing to the slowest growth in factory activity since January last year, and in lie with preliminary estimates. The slowdown was driven by weaker growth of domestic demand, lower intakes of new export work and ongoing disruption caused by stretched supply chains, rising cost pressures and the war in Ukraine. Output, new orders, employment all rose at a softer pace while input cost inflation eased from April's near-survey record high although chemicals, energy, food, freight, fuels, gas, metals, oil, plastics, polymers, timber, and transportation were all reported as being up in price. China lockdowns, exchange rate factors, sanctions on Russia, the war in Ukraine, supply chain disruption and raw material scarcity also drove up purchasing costs. As a result, selling prices rose at a rate close to April's survey record high. Meanwhile, business confidence slipped to a 17-month low.
2022-06-01
UK Manufacturing PMI at 16-Month Low
S&P Global/CIPS Flash United Kingdom Manufacturing PMI fell to a 16-month low of 54.6 in May of 2022 from 55.8 in April, and below market forecasts of 55. Output growth slowed (51.8 vs 54.3) and the latest increase in production volumes was the joint-weakest since October 2021, due to supply chain disruption, the war in Ukraine and rising inflation. Also, export orders fell the most since June of 2020, with some companies citing Brexit-related trade frictions as the main drag, especially in relation to new customs rules, extra documentation requirements and other complexities with EU trade. Volumes of unfinished work declined, due to a turnaround in raw material availability, as signalled by a rise in the suppliers’ delivery times index to its highest since October 2020.
2022-05-24