The IHS Markit/CIPS UK Composite PMI was revised higher to 56.5 in September 2020, from a preliminary estimate of 55.6 and compared to August's six-year high of 59.1. Latest data showed slower gains in output across the private sector, although for both manufacturing and services rates of expansion remained sharp. New business growth slowed, while employment continued to fall at a steep rate. Still, confidence about the future remained positive.
Composite Pmi in the United Kingdom averaged 53.75 points from 2013 until 2020, reaching an all time high of 61.80 points in October of 2013 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 October of 2020. source: Markit Economics
Composite Pmi in the United Kingdom is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in the United Kingdom to stand at 53.20 in 12 months time. In the long-term, the United Kingdom Composite Pmi is projected to trend around 52.00 points in 2021 and 52.80 points in 2022, according to our econometric models.