The IHS Markit/CIPS UK Manufacturing PMI jumped to 55.2 in November of 2020 from 53.7 in October, beating market forecasts of 50.5, preliminary estimates showed. The reading pointed to a strong growth in factory activity amid a sustained recovery in production volumes after stoppages at the start of the pandemic. Survey respondents also commented on rising demand from export markets, especially in China and the EU. The latter was often linked to pre-purchasing due to Brexit uncertainty as European customers sought delivery of orders before the end of the transition period. Employment declined at a slower pace and supplier delivery times lengthened sharply amid severe delays at UK ports, alongside a robust degree of stock building as manufacturers sought to accumulate critical inputs before the end of the Brexit transition period on 31st December 2020. Finally, manufacturers remained optimistic amid hopes of an end to COVID-19 restrictions and positive vaccine news. source: Markit Economics

Manufacturing PMI in the United Kingdom averaged 51.75 points from 2008 until 2020, 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 November of 2020.

Manufacturing PMI in the United Kingdom is expected to be 50.50 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 53.60 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.00 points in 2021 and 52.60 points in 2022, according to our econometric models.

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United Kingdom Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.20 53.70 61.50 32.60 2008 - 2020 points Monthly
SA


News Stream
UK Factory Growth Surges in November
The IHS Markit/CIPS UK Manufacturing PMI jumped to 55.2 in November of 2020 from 53.7 in October, beating market forecasts of 50.5, preliminary estimates showed. The reading pointed to a strong growth in factory activity amid a sustained recovery in production volumes after stoppages at the start of the pandemic. Survey respondents also commented on rising demand from export markets, especially in China and the EU. The latter was often linked to pre-purchasing due to Brexit uncertainty as European customers sought delivery of orders before the end of the transition period. Employment declined at a slower pace and supplier delivery times lengthened sharply amid severe delays at UK ports, alongside a robust degree of stock building as manufacturers sought to accumulate critical inputs before the end of the Brexit transition period on 31st December 2020. Finally, manufacturers remained optimistic amid hopes of an end to COVID-19 restrictions and positive vaccine news.
2020-11-23
UK October Manufacturing PMI Revised Higher
The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 53.7 in October 2020, from a preliminary estimate of 53.3 and compared to September's final reading of 54.1. The latest number pointed to solid expansion in the UK manufacturing sector, for five months running, with both output and new orders rising amid stronger demand from both domestic and overseas sources. Meanwhile, employment declined for the ninth successive month, and at a faster pace, due to redundancies, recruitment freezes, the non-replacement of leavers, cost reduction strategies and workforce restructuring. On the price front, input cost inflation was the highest since December 2018, while output charges also increased. Looking ahead, business optimism hit the highest level since January 2018 on hopes of economic recovery and a reduction in COVID-19 disruption.
2020-11-02
UK Factory Growth Remains Robust: PMI
The IHS Markit/CIPS UK Manufacturing PMI fell to 53.3 in October of 2020 from 54.1 in September, compared to forecasts of 53.1, preliminary estimates showed. The reading pointed to a solid growth in the manufacturing sector although slower than in the previous two months. It reflects weaker rises in output and new orders, alongside a faster decline in staffing numbers across the manufacturing sector. Still, new export orders increased at the fastest pace since February of 2018, amid rising demand from clients in China and the United States, alongside a temporary boost from Brexit stock building among clients in Europe. Meanwhile, manufacturers reported the strongest optimism since September 2014, driven by hopes of a sustained recovery in order books from the low levels seen earlier in the pandemic.
2020-10-23
UK Manufacturing Recovery Continues in September
The IHS Markit/CIPS UK Manufacturing PMI was revised lower to 54.1 in September 2020, from a preliminary estimate of 54.3 and compared with August's two-and-a-half year high of 55.2. The latest reading pointed to a fourth consecutive month of growth, its longest sequence in expansion territory since early-2019. Output increased for the fourth month in a row, helped by improved inflows of new work, companies reopening and staff returning to work. New export business rose the most for 21 months due to stronger demand from Europe, Asia and North America. Meanwhile, job losses were registered for the eighth straight month, although the rate of reduction eased to its lowest since February. On the price front, input cost inflation accelerated to a 21-month high, leading manufacturers to raise selling prices. Looking ahead, business confidence remained close to July's 28-month high on hopes of continued recovery.
2020-10-01

United Kingdom Manufacturing PMI
Markit/CIPS UK Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.