The IHS Markit/CIPS UK Manufacturing PMI was confirmed at 50.1 in June 2020, up from 40.7 in the previous month, suggesting there was a stabilisation in operating conditions following the recent steep downturn caused by the coronavirus pandemic. Manufacturing production rose slightly for the first time in four months, while new order intakes and employment fell at softer rates. On the price front, input costs rose the most in a year, although at mild pace, while output charges also increased. Looking ahead, business sentiment rose to a 21-month high in June due to clients reopening, an expected further loosening of COVID-19 restrictions and hopes that markets would revive at home and overseas to help recover growth lost during the pandemic.

Manufacturing PMI in the United Kingdom averaged 51.66 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 July of 2020. source: Markit Economics

Manufacturing PMI in the United Kingdom is expected to be 49.50 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 55.00 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
50.10 40.70 61.50 32.60 2008 - 2020 points Monthly
SA


News Stream
UK Manufacturing Stabilizes in June as Economy Reopens
The IHS Markit/CIPS UK Manufacturing PMI was confirmed at 50.1 in June 2020, up from 40.7 in the previous month, suggesting there was a stabilization in operating conditions following the recent steep downturn caused by the coronavirus pandemic. Manufacturing production rose slightly for the first time in four months, while new order intakes and employment fell at softer rates. On the price front, input costs rose the most in a year, although at mild pace, while output charges also increased. Looking ahead, business sentiment rose to a 21-month high in June due to clients reopening, an expected further loosening of COVID-19 restrictions and hopes that markets would revive at home and overseas to help recover growth lost during the pandemic.
2020-07-01
UK Factory Activity Returns to Growth
The IHS Markit/CIPS Flash UK Manufacturing PMI rose to 50.1 in June of 2020 from 40.7 in May, beating market forecasts of 45. The reading pointed to a small increase in manufacturing activity, the first in four months, due to higher volumes of production, linked to a partial reopening of manufacturing plants. However, total new orders continued to decline, with manufacturers often commenting on shortages of new sales to replace completed contracts. Survey respondents cited particularly weak demand across the automotive and aviation sectors. Business optimism was the highest since September of 2018 amid hopes of a sustained recovery in manufacturing operations from the slump in production volumes seen during the initial phase of the COVID-19 pandemic.
2020-06-23
UK Manufacturing Downturn Continues in May
The IHS Markit/CIPS UK Manufacturing PMI stood at 40.7 in May 2020, little-changed from a preliminary estimate of 40.6 and above April's record low of 32.6. Still, the latest reading still pointed to a marked deterioration in overall operating conditions as the public lockdowns, company shutdowns and social distancing measures mandated to contain the coronavirus pandemic caused further disruption. Output, new orders and export sales continued to fall at steep rates, albeit less sharply than the records set in April, while the pace of job shedding was the second-highest on record. On the price front, input cost inflation remained subdued as higher costs resulting from supply-chain disruptions were partly offset by supplier discounts offered in response to weak demand and also lower prices for oil, oil by-products and plastics. Looking ahead, business confidence rose to a three-month high, but remained downbeat by the historical standards of the survey.
2020-06-01
UK Manufacturing Remains in Contraction Territory
The IHS Markit/CIPS Flash UK Manufacturing PMI rose to 40.6 in May 2020 from an all-time low of 32.6 in the previous month, easily beating market expectations 36, a preliminary estimate showed. Still, the latest reading pointed to the second-steepest contraction in the manufacturing sector since February 2009, with 54 percent of companies reporting a fall in output, while 24 percent signalled an expansion since the previous month, mostly linked to healthcare-related products. Meanwhile, new orders and employment continued to fall sharply, while manufacturers also noted a reduced plant capacity following social distancing measures.
2020-05-21

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.