United Kingdom Manufacturing PMI

Last Release

Jul 31, 2024

Actual

51.8

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 increased to 51.8 in July 2024, the highest level since July 2022, from 50.9 in June and beating forecasts of 51.1, preliminary estimates showed. Factory output rose the most since February 2022 amid stronger order book volumes and efforts to reduce outstanding workloads. Also, job numbers were stable, ending a 21-month sequence of decline. On the price front, manufacturing firms faced the strongest rise in costs in one-and-a-half years as global freight challenges linked to the Red Sea crisis drove transport bills higher. Meanwhile, business confidence improved amid expectations of improving demand conditions and business investment, interest rate cuts and political stability.