The IHS Markit/CIPS UK Manufacturing PMI increased to 54.9 in February of 2021 from 54.1 in January, beating market forecasts of 53.2, flash estimates showed. Still, the rate of factory growth was one of the weakest since the recovery began in June 2020. Employment increased marginally and new orders returned to growth while export sales remained weak. Manufacturing companies often cited severe supply chain disruptions as a factor holding back production volumes. This was attributed to international shipping delays, strong worldwide demand for raw materials and Brexit-related trade frictions. Also, the scale of the downturn in vendor performance was the second-largest since the survey began in 1992 (exceeded only by those seen in April 2020). some manufacturers commented on weaker sales volumes due to temporary closures among clients in the consumer services sector, especially hospitality businesses. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 51.82 points from 2008 until 2021, reaching an all time high of 61.50 points in January of 2011 and a record low of 32.60 points in April of 2020. 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. United Kingdom Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Manufacturing PMI in the United Kingdom is expected to be 51.20 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 52.00 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.60 points in 2022, according to our econometric models.