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.