The IHS Markit/CIPS UK Composite PMI dropped to 40.6 in January 2021 from 50.4 in the previous month, below market forecasts of 45.5, a preliminary estimate showed. The index was the lowest since May 2020 and much weaker than in the second national lockdown period during November (49.0). However, the speed of the downturn in UK private sector output was still softer than at the start of the pandemic (13.8 in April 2020), with many businesses citing successful efforts to adapt and prepare for new COVID-19 restrictions. Volumes of new work meanwhile decreased for the fourth consecutive month in January. Higher operating expenses, squeezed margins and lower demand also contributed to a modest acceleration in the pace of private sector job shedding in January. Finally, business expectations for the next 12 months picked up slightly since December and was the highest since May 2014. source: Markit Economics

Composite PMI in the United Kingdom averaged 53.50 points from 2013 until 2021, 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 January of 2021.

Composite PMI in the United Kingdom is expected to be 51.40 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 52.00 in 12 months time. In the long-term, the United Kingdom Composite PMI is projected to trend around 52.00 points in 2022 and 52.80 points in 2023, according to our econometric models.

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United Kingdom Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
40.60 50.40 61.80 13.80 2013 - 2021 points Monthly
SA


News Stream
UK Composite PMI at 8-Month Low
The IHS Markit/CIPS UK Composite PMI dropped to 40.6 in January 2021 from 50.4 in the previous month, below market forecasts of 45.5, a preliminary estimate showed. The index was the lowest since May 2020 and much weaker than in the second national lockdown period during November (49.0). However, the speed of the downturn in UK private sector output was still softer than at the start of the pandemic (13.8 in April 2020), with many businesses citing successful efforts to adapt and prepare for new COVID-19 restrictions. Volumes of new work meanwhile decreased for the fourth consecutive month in January. Higher operating expenses, squeezed margins and lower demand also contributed to a modest acceleration in the pace of private sector job shedding in January. Finally, business expectations for the next 12 months picked up slightly since December and was the highest since May 2014.
2021-01-22
UK December Composite PMI Revised Lower
The IHS Markit/CIPS UK Composite PMI was revised lower to 50.4 in December 2020, from a preliminary estimate of 50.7 and compared with November's five-month low. The latest reading signaled only a slight rise in private sector output, mainly supported by manufacturing production. In contrast, service sector activity decreased again due to falling demand and restrictions on trade due to the COVID-19 pandemic. Meanwhile, total new business volumes were little-changed. On the price front, input costs increased at a faster and robust pace. Looking ahead, business optimism about the year ahead outlook remained close to November's 68-month peak, amid hopes of a swift improvement in UK economic conditions as the pandemic is brought under control in 2021.
2021-01-06
UK Private Sector Output Expands Slightly in December
The IHS Markit/CIPS UK Composite PMI rose to 50.7 in December 2020 from 49.0 in the previous month, but missing market forecasts of 51.3, a preliminary estimate showed. The latest reading signaled only a slight rise in private sector output boosted by a solid expansion in manufacturing production. Meanwhile, service sector activity stagnated due to ongoing coronavirus-induced restrictions on several non-essential businesses. Total new business volumes were unchanged, while the rate of job shedding was the slowest for 10 months. On the price front, input costs increased at a faster and robust pace. Meanwhile, business optimism about the year ahead outlook eased only slightly since November and meanwhile remained much stronger than seen from March to October 2020.
2020-12-16
UK Composite PMI at 5-Month Low
The IHS Markit/CIPS UK Composite PMI was revised higher to 49.0 in November 2020, from a preliminary estimate of 47.4 and compared with October's 52.1. Still, the latest reading pointed to the sharpest downturn in overall business activity since June, amid renewed efforts to curb the spread of the coronavirus pandemic. The downturn was driven by the fastest reduction in service sector output for five months, while manufacturing production expanded at a robust pace. Total new work received by UK private sector firms decreased for the second month running and employment dropped for the ninth straight month. Looking ahead, business confidence was the strongest since March 2015, amid hopes of an end to COVID-19 restrictions and positive vaccine news.
2020-12-03

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