United Kingdom Composite Pmi2013-2020 Data | 2021-2022 Forecast | Calendar

The IHS Markit/CIPS UK Composite PMI was revised higher to 53.3 in January 2020 from a preliminary estimate of 52.4 and well above the previous month's 49.3. The latest reading pointed to the fastest pace of expansion in the private sector since September 2018 as services returned to growth (53.9 vs 50.0 in December) and manufacturing stabilized (50.0 vs 47.5 in December).

The IHS Markit/CIPS UK Composite PMI rose to 52.4 in January 2020 from 49.3 in the previous month and beating market expectations of 50.6, a preliminary estimate showed. The reading pointed to the first expansion in the private sector in five months and the steepest in nearly one-and-a-half years, as services activities grew at the fastest pace in 16 months (PMI at 52.9 vs 50 in December) and manufacturing output rose to an 8-month high (PMI at 49.8 vs 47.5 in December) amid reduced political uncertainty following the general election. New work advanced at the sharpest rate since September 2018 and the job creation rate increased for the second consecutive month. On the price front, input cost inflation picked up to a four-month high and output prices advanced at the quickest pace since May last year. Lastly, optimism hit its highest level since June 2015, boosted by hopes that an end to domestic political indecision will have a favourable impact on investment.

The IHS Markit/CIPS UK Composite PMI was revised higher to 49.3 in December 2019 from a preliminary estimate of 48.5, and matching November's final reading. A stabilisation of service sector activity (PMI at 50.0 from 49.3 in November) was offset by a sharp and accelerated decline in manufacturing output (PMI at 47.5 from 48.9 in November).

The IHS Markit/CIPS Flash UK Composite PMI declined to 48.5 in December of 2019 from 49.3 in November, below market expectations of 49.6. It is the deepest contraction in private sector activity since July of 2016, amid further drops in both manufacturing (47.4 from 48.9 in November, 4-month low) and services (49 from 49.3, 9-month low). Companies attributed lower business activity to a combination of domestic political uncertainty, a lack of clarity in relation to Brexit and subdued global economic conditions. Employment decreased for the fourth consecutive month, amid subdued order books and delays to decision making in the lead up to the general election. A sustained fall in new business intakes resulted in the sharpest reduction in backlogs of work since July 2016. On the price front, input price inflation remained low and softer cost pressures and intense competition for new work contributed to the slowest rise in prices charged by private sector firms since April 2016.