Markit/CIPS United Kingdom Manufacturing Purchasing Managers Index (PMI)

Country:
United Kingdom
GBP, Pound sterling
Source:
Sector:
Business
Medium 49.4 53.4
53.1
Last release Importance Actual Forecast
Previous
52.7
49.4
Next release Actual Forecast
Previous
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Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes business conditions and purchasing managers' activity level in the UK economy's manufacturing sector.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

PMI calculation is based on data collected from monthly replies to questionnaires sent to purchasing executives in over 600 UK companies which provide the highest contribution to GDP. Managers are asked to characterize current business and economic conditions in the national construction sector. The questionnaire covers the following economic variables:

  • Production output
  • New orders
  • Backlogs
  • Prices paid (for materials, services and goods purchased in the production process)
  • Prices received
  • Suppliers' delivery times
  • Inventories
  • Employment
  • Near-term productivity outlook

The survey participants provide relative estimates: whether figures have increased, decreased or remain unchanged. PMI is a composite index, which is made up of 5 separate indices, characterizing new orders, production level, employment, supplier delivery times and inventories in warehouses.

The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire manufacturing sector. It is interpreted as a leading indicator of production and inflation. Manufacturing PMI growth is an indication of favorable market conditions and can be seen as positive for the pound sterling growth.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit/CIPS United Kingdom Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2019
49.4
53.4
53.1
Apr 2019
53.1
53.2
55.1
Mar 2019
55.1
53
52
Feb 2019
52
53.2
52.8
Jan 2019
52.8
52.7
54.2
Dec 2018
54.2
52.6
53.1
Nov 2018
53.1
52.8
51.1
Oct 2018
51.1
53.6
53.8
Sep 2018
53.8
53.2
52.8
Aug 2018
52.8
55
54
Jul 2018
54
55.1
54.4
Jun 2018
54.4
54
54.4
May 2018
54.4
53.3
53.9
Apr 2018
53.9
55.3
55.1
Mar 2018
55.1
55.9
55.2
Feb 2018
55.2
56.7
55.3
Jan 2018
55.3
57.3
56.3
Dec 2017
56.3
57.3
58.2
Nov 2017
58.2
56.1
56.3
Oct 2017
56.3
54.9
55.9
Sep 2017
55.9
56
56.9
Aug 2017
56.9
54.7
55.1
Jul 2017
55.1
55.5
54.3
Jun 2017
54.3
56.3
May 2017
56.7
57.3
Apr 2017
57.3
54.2
Mar 2017
54.2
54.5
Feb 2017
54.6
55.9
Jan 2017
55.9
56.1
Dec 2016
56.1
53.6
Nov 2016
53.4
54.2
Oct 2016
54.3
55.5
Sep 2016
55.4
53.3
Aug 2016
53.3
48.3
Jul 2016
48.2
52.1
Jun 2016
52.1
50.1
May 2016
50.1
49.2
Apr 2016
49.2
51
Mar 2016
51
50.8
Feb 2016
50.8
52.9
Jan 2016
52.9
52.1
Dec 2015
51.9
52.7
Nov 2015
52.7
55.2
Oct 2015
55.5
51.5
Sep 2015
51.5
51.6
Aug 2015
51.5
51.9
Jul 2015
51.9
51.4
Jun 2015
51.4
51.9
May 2015
52
51.8
Apr 2015
51.9
54.4

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