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.

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United Kingdom Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.90 54.10 61.50 32.60 2008 - 2021 points Monthly
SA


News Stream
UK Factory Growth Above Forecasts
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.
2021-02-19
UK Factory Growth Revised Higher but Still Points to Sharp Slowdown: PMI
The IHS Markit/CIPS UK Manufacturing PMI was revised sharply higher to 54.1 in January of 2021 from a preliminary of 52.9, but below 57.5 in December. The reading showed the UK manufacturing sector slowed sharply at the start of 2021 as output growth eased and new orders fell slightly as producers faced weaker inflows of new export work and temporary supply-chain disruptions caused by COVID-19 restrictions and transport delays (especially at ports) following the end of the Brexit transition period. The main positive influence on the PMI was a marked lengthening of supplier lead times, which (apart from April 2020) was the greatest on record. Also, employment rose for the first time in a year.
2021-02-01
UK Factory Growth Slows Sharply
The IHS Markit/CIPS UK Manufacturing PMI fell to 52.9 in January of 2021 from 57.5 in December, well below market forecasts of 54. The reading pointed to the slowest growth in factory activity since June amid coronavirus lockdown restrictions, flash estimates showed. Lower levels of new orders, reduced employment and a swift depletion of pre-production inventories were the main factors weighing on the headline PMI. Also, shortages of critical manufacturing inputs hold back growth, due to a deterioration in supplier performance, almost exclusively linked to both Brexit disruption and a severe lack of international shipping availability.
2021-01-22
UK December Manufacturing PMI Hits 3-Year High
The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 57.5 in December 2020, up from a preliminary estimate of 57.3 and compared to November's final reading of 55.6. The latest reading pointed to the steepest pace of expansion in the manufacturing sector since November 2017, supported by rising new orders as clients brought forward orders to guard against potential disruption caused by the end of the Brexit transition period. At the same time, quantities of purchases rose at the third-fastest rate in the 29-year survey history, and inventories of purchases subsequently increased to the second-greatest extent in the survey history. However, port delays and other logistical disruptions meant that supply-chain delays lengthened to one of the greatest extents in the survey's history. On the price front, input cost inflation was the highest in two-and-a-half years. Looking ahead, business optimism eased in December.
2021-01-04

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.