United Kingdom Manufacturing PMI

Last Release

Jul 31, 2024

Actual

52.1

Units In

Points

50.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
65.6 May 2021	32.6 Apr 2020	51.82 Points	2008-2024	Markit Economics

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.

Latest Updates

The S&P Global Flash UK Manufacturing PMI edged down to 48.6 in November 2024 from 49.9 in October, well below forecasts of 50. The reading pointed to the first contraction in the manufacturing sector in seven months amid subdued customer demand while some firms noted delayed investment decisions, as well as cutbacks to new projects in response to worsening domestic business conditions and geopolitical uncertainty. Manufacturers signaled a marginal reduction in production volumes and a solid decline in new work. Goods producers in the automotive sector also noted a general slump in demand. Employment also fell and manufacturers cited elevated transport costs, but some reported successful negotiations with suppliers to pass on lower commodity prices.