U.K. Manufacturing Purchasing Managers Index (PMI)

GBP
Actual
54.6
Forecast
54.9
Previous
55.8
Latest Release
May 24, 2022
Importance
Source
Markit/CIPS
Overview
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.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Jun 01, 2022 (May) 14:00 - 55.3
54.6
May 24, 2022 14:00 54.6 54.9
55.8
May 03, 2022 (Apr) 14:00 55.8 55.3
55.2
Apr 22, 2022 14:00 55.3 59.0
55.2
Apr 01, 2022 (Mar) 14:00 55.2 55.5
58.0
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