The S&P Global/CIPS UK Manufacturing PMI increased to 46.7 in January of 2023 from 45.3 in December, beating market forecasts of 45.5, preliminary estimates showed. The reading pointed to a sixth consecutive month of falling factory activity but the smallest drop since September. Manufacturing production decreased considerably, but the rate of contraction was the least marked since July of 2022. At the same time, staffing levels were cut and manufacturers experienced a slowdown in input cost inflation, with the latest reading the weakest since October of 2020. Finally, business sentiment improved, on hopes of an improving global economic backdrop and lower domestic inflationary pressures over the course of 2023. source: Markit Economics

Manufacturing PMI in the United Kingdom averaged 52.24 points from 2008 until 2023, reaching an all time high of 65.60 points in May of 2021 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 January of 2023.

Manufacturing PMI in the United Kingdom is expected to be 48.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.90 points in 2024 and 52.50 points in 2025, according to our econometric models.

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United Kingdom Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 46.70 45.30 points Jan 2023
Services PMI 48.00 49.90 points Jan 2023
Composite PMI 47.80 49.00 points Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
46.70 45.30 65.60 32.60 2008 - 2023 points Monthly
SA

News Stream
UK Factory Activity Shrinks the Least in 4 Months: PMI
The S&P Global/CIPS UK Manufacturing PMI increased to 46.7 in January of 2023 from 45.3 in December, beating market forecasts of 45.5, preliminary estimates showed. The reading pointed to a sixth consecutive month of falling factory activity but the smallest drop since September. Manufacturing production decreased considerably, but the rate of contraction was the least marked since July of 2022. At the same time, staffing levels were cut and manufacturers experienced a slowdown in input cost inflation, with the latest reading the weakest since October of 2020. Finally, business sentiment improved, on hopes of an improving global economic backdrop and lower domestic inflationary pressures over the course of 2023.
2023-01-24
UK Manufacturing Contraction Deepens at End of 2022
The S&P Global/CIPS UK Manufacturing PMI was revised slightly higher to 45.3 in December 2022 from a preliminary estimate of 44.7 and compared with November's figure of 46.5. Still, the latest reading was the lowest for 31 months, and one of the weakest since mid-2009 when excluding the series lows registered during the first pandemic lockdown. Output, new orders, employment and stocks of purchases all fell at accelerated rates, while vendor delivery times lengthened to the least marked extent since January 2020. Data broken down by product category showed that the intermediate goods sector was the worst performer overall, followed by the consumer goods category. On a brighter note, input costs rose the least since November 2020, while output charge inflation eased to a near two-year low.
2023-01-03
UK Manufacturing PMI Hits Lowest Since May 2020
The S&P Global/CIPS UK Manufacturing PMI declined to 44.7 in December 2022, from 46.5 in November, while analysts expected it to drop to 46.3, a preliminary estimate showed. It was the lowest reading since May 2020, with manufacturing production falling at the sharpest pace since August. New business volumes continued to decline while contributing to a deterioration in order books, with exports among manufacturers falling further. Regarding employment numbers, manufacturing companies shed the most jobs since October 2020 amid a deterioration outlook for growth. On the price front, input costs and output charges rose at the softest pace in 19 and 16 months, respectively. Finally, sentiment among manufacturers improved.
2022-12-16