The IHS Markit/CIPS UK Flash Composite PMI edged down to 54.1 in September of 2021 from 54.8 in August, slightly below forecasts of 54.5. The reading pointed to the slowest growth in private sector activity since February. Although both monitored sectors saw rates of expansion ease, the slowdown was more pronounced in manufacturing where production rose only modestly amid severe supply-chain disruption and signs of demand softening. Rates of expansion in both output and new orders were each the weakest in the respective seven-month sequences of growth. The rate of job creation remained elevated, however, driven by strong hiring at service providers. Meanwhile, inflationary pressures showed little sign of abating, with input costs up sharply again and charges raised to the greatest extent on record. source: Markit Economics

Composite PMI in the United Kingdom averaged 53.83 points from 2013 until 2021, reaching an all time high of 62.90 points in May of 2021 and a record low of 13.80 points in April of 2020. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Composite PMI in the United Kingdom is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Composite PMI is projected to trend around 53.80 points in 2022 and 53.40 points in 2023, according to our econometric models.

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United Kingdom Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.10 54.80 62.90 13.80 2013 - 2021 points Monthly
SA


News Stream
UK Private Sector Growth Edges Down in September
The IHS Markit/CIPS UK Flash Composite PMI edged down to 54.1 in September of 2021 from 54.8 in August, slightly below forecasts of 54.5. The reading pointed to the slowest growth in private sector activity since February. Although both monitored sectors saw rates of expansion ease, the slowdown was more pronounced in manufacturing where production rose only modestly amid severe supply-chain disruption and signs of demand softening. Rates of expansion in both output and new orders were each the weakest in the respective seven-month sequences of growth. The rate of job creation remained elevated, however, driven by strong hiring at service providers. Meanwhile, inflationary pressures showed little sign of abating, with input costs up sharply again and charges raised to the greatest extent on record.
2021-09-23
UK Composite PMI Revised Lower to 6-Month Low
The IHS Markit/CIPS UK Composite PMI was revised down to 54.8 in August 2021, from a preliminary estimate of 55.3 and well below 59.2 in the previous month, signaling a much slower speed of recovery across the private sector economy. Both services and manufacturing sectors grew at the weakest rates for six months, amid reports of shortages of staff and raw materials. Still, private sector employment numbers increased at the fastest pace since this index began in January 1998. Finally, strong inflationary pressures continued in August, but the latest rise in overall cost burdens was the slowest for three months. Meanwhile, prices charged inflation eased since July in both the manufacturing and service sectors.
2021-09-03
UK Output Growth Slows to 6-Month Low
The IHS Markit/CIPS UK Composite PMI fell to 55.3 in August 2021, from 59.2 in July and below market consensus of 58.4, a preliminary estimate showed. The latest reading signaled the slowest expansion of output since the UK private sector returned to growth in March, as weaker recoveries were seen in both the manufacturing and service sectors, with the latter recording the greatest loss of momentum since July. Output and new order growth rates slowed, amid reports of constraints on business activity due to staff shortages and supply chain issues. Meanwhile, the pace of job creation hit an all-time high, while backlogs of work increased for the sixth month in a row as businesses struggled to keep up with customer demand.
2021-08-23
UK Private Sector Growth Eases in July
The IHS Markit/CIPS UK Composite PMI was revised higher to 59.2 in July 2021, from a preliminary estimate of 57.7 and compared with June's final 62.2, signaling the slowest rate of private sector expansion for four months. Both service sector activity and manufacturing production experienced a further slowdown in recovery momentum amid supply shortages. On the price front, average cost burdens increased at the sharpest rate since the composite index began in January 1998. Prices charged inflation across the UK private sector also hit a series-record high in July.
2021-08-04

United Kingdom Composite PMI
The UK Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index.