S&P Global/CIPS United Kingdom Manufacturing Purchasing Managers Index (PMI)

Country:
United Kingdom
GBP, Pound sterling
Source:
Sector:
Business
Medium 52.8 53.4
53.4
Last release Importance Actual Forecast
Previous
53.2
52.8
Next release Actual Forecast
Previous
  • Overview
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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 "S&P Global/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
Jun 2022
52.8
53.4
53.4
Jun 2022 prelim.
53.4
54.6
54.6
May 2022
54.6
54.6
54.6
May 2022 prelim.
54.6
55.3
55.8
Apr 2022
55.8
55.3
55.3
Apr 2022 prelim.
55.3
55.4
55.2
Mar 2022
55.2
55.5
55.5
Mar 2022 prelim.
55.5
57.7
58.0
Feb 2022
58.0
57.3
57.3
Feb 2022 prelim.
57.3
57.1
57.3
Jan 2022
57.3
56.9
56.9
Jan 2022 prelim.
56.9
57.8
57.9
Dec 2021
57.9
57.6
57.6
Dec 2021 prelim.
57.6
58.2
58.1
Nov 2021
58.1
58.2
58.2
Nov 2021 prelim.
58.2
57.8
57.8
Oct 2021
57.8
57.7
57.7
Oct 2021 prelim.
57.7
56.7
57.1
Sep 2021
57.1
56.3
56.3
Sep 2021 prelim.
56.3
60.2
60.3
Aug 2021
60.3
60.1
60.1
Aug 2021 prelim.
60.1
60.4
60.4
Jul 2021
60.4
60.4
60.4
Jul 2021 prelim.
60.4
64.1
63.9
Jun 2021
63.9
64.2
64.2
Jun 2021 prelim.
64.2
66.0
65.6
May 2021
65.6
66.1
66.1
May 2021 prelim.
66.1
60.9
60.9
Apr 2021
60.9
60.7
60.7
Apr 2021 prelim.
60.7
58.4
58.9
Mar 2021
58.9
57.9
57.9
Mar 2021 prelim.
57.9
55.0
55.1
Feb 2021
55.1
54.9
54.9
Feb 2021 prelim.
54.9
53.5
54.1
Jan 2021
54.1
52.9
52.9
Jan 2021 prelim.
52.9
57.4
57.5
Dec 2020
57.5
57.3
57.3
Dec 2020 prelim.
57.3
55.4
55.6
Nov 2020
55.6
55.2
55.2
Nov 2020 prelim.
55.2
53.5
53.7
Oct 2020
53.7
53.3
53.3
Oct 2020 prelim.
53.3
54.2
54.1
Sep 2020
54.1
54.3
54.3
Sep 2020 prelim.
54.3
55.2
55.2
Aug 2020
55.2
55.3
55.3
Aug 2020 prelim.
55.3
49.6
53.3
Jul 2020
53.3
53.6
53.6
Jul 2020 prelim.
53.6
50.1
50.1
Jun 2020
50.1
50.1
50.1
Jun 2020 prelim.
50.1
37.2
40.7

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