The S&P Global/CIPS UK Manufacturing PMI fell to a two-year low of 52.8 in June of 2022 from 54.6 in May. Figures were revised lower from an initial estimate of 53.4. Output growth grind to a near-standstill pace and new orders contract for the first time in 17 months. Across industries, consumer goods producers saw a marked downturn in output, while robust expansion was again registered in the investment goods industry. Meanwhile, increased employment was linked to higher output, staff shortages and efforts to reduce backlogs of work. Also, inflationary pressures remained elevated due to raw material shortages, stretched supply chains, higher prices for commodities, electronics, energy, oil, paper, plastics and timber. Higher costs were passed on, in part, to clients in the form of increased selling prices. Finally, business optimism dipped to its lowest since May 2020. 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 July 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.