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). United Kingdom Composite Pmi - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Composite Pmi in the United Kingdom averaged 54.73 points from 2013 until 2020, reaching an all time high of 61.80 points in October of 2013 and a record low of 47.60 points in July of 2016. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics

Composite Pmi in the United Kingdom is expected to be 53.60 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 50.00 in 12 months time. In the long-term, the United Kingdom Composite Pmi is projected to trend around 50.00 points in 2021 and 52.80 points in 2022, according to our econometric models.


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United Kingdom Composite Pmi

Actual Previous Highest Lowest Dates Unit Frequency
53.30 49.30 61.80 47.60 2013 - 2020 points Monthly
SA


News Stream
UK Composite PMI Revised Higher to 16-Month High
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).
2020-02-05
UK Private Sector Activity Back to Expansion
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.
2020-01-24
UK December Composite PMI Revised Higher
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).
2020-01-06
UK Private Sector Activity Shrinks the Most in 3-1/2-years
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.
2019-12-16

United Kingdom Composite Pmi
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.