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U.K. Manufacturing Purchasing Managers Index (PMI)

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U.K. Manufacturing Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Jun 03, 2024
Actual
51.2
Forecast
51.3
Previous
49.1
The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.
Importance:
Country:
Currency: GBP
Source: Markit/CIPS
U.K. Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Jul 01, 2024 (Jun) 09:30     51.3
Jun 03, 2024 (May) 09:30 51.2 51.3 49.1
May 23, 2024 09:30   51.3 49.5 49.1
May 01, 2024 (Apr) 09:30 49.1 48.7 50.3
Apr 23, 2024 09:30   48.7 50.3 50.3
Apr 02, 2024 (Mar) 09:30 50.3 49.9 47.5

News

UK services cost inflation falls to lowest in three years
UK services cost inflation falls to lowest in three years By Proactive Investors - Jun 05, 2024

Proactive Investors - Fresh data on the UK services sector showed prices inflation weakening for the third month in a row, now rising at the slowest pace for over three years. The S&P Global...

Pound to dollar rate tests 10-week best as sterling bounces
Pound to dollar rate tests 10-week best as sterling bounces By ExchangeRates.org.uk - Jun 04, 2024

ExchangeRates.org.uk - The Pound to Dollar (GBP/USD) exchange rate retreated to test support below 1.2700 on Monday but found solid support on dips and rebounded to 1.2780 after weaker-than-expected...

Share gains curbed by GSK plunge as UK manufacturing rebounds
Share gains curbed by GSK plunge as UK manufacturing rebounds By Proactive Investors - Jun 03, 2024

Proactive Investors - FTSE 100 climbs 20 points to 8296 Shein reported to be close to filing for London IPO GSK (LON:GSK) says it will appeal Zantac ruling by Delaware judge Raspberry Pi to float next...

Analysis

Manufacturing PMI Discussion

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