The IHS Markit/CIPS UK Manufacturing PMI rose to 49.8 in January 2020 from 47.5 in the previous month and well above market expectations of 48.9, a preliminary estimate showed. The latest reading was the highest since last April and signalled a broad stabilisation of business conditions across the manufacturing sector, boosted by higher levels of new work and a slight rise in employment. In addition, output fell the least since the current phase of decline began in June 2019, while stocks of purchases dropped sharply.
Manufacturing PMI in the United Kingdom averaged 51.91 points from 2008 until 2020, reaching an all time high of 61.50 points in January of 2011 and a record low of 34.40 points in November of 2008. 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. source: Markit Economics
Manufacturing PMI in the United Kingdom is expected to be 49.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United Kingdom to stand at 49.50 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 50.60 points in 2020, according to our econometric models.