The IHS Markit/CIPS UK Manufacturing PMI was revised slightly higher to 60.9 in April 2021, from a preliminary estimate of 60.7 and above March's 58.9. The latest reading signaled the steepest pace of expansion in the UK manufacturing sector since a record growth rate hit in July 1994, due to a loosening of lockdown restrictions. Growth of output and new orders were both among the best seen over the past seven years and employment creation continued at a pace rarely surpassed in the survey history. At the same time, the sector remained beset by supply-chain delays and input shortages, however, which contributed to increased purchasing costs and record selling price inflation. Looking ahead, business confidence remained at a seven-year high, amid expectations for less disruption related to COVID-19 and Brexit, economic recovery, improved client confidence and planned new product launches. source: Markit Economics
Manufacturing PMI in the United Kingdom averaged 51.92 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 May of 2021.
Manufacturing 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. Looking forward, we estimate Manufacturing PMI in the United Kingdom to stand at 52.80 in 12 months time. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.60 points in 2022 and 52.90 points in 2023, according to our econometric models.