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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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Status

 
Latest Release
Nov 01, 2024
Actual
49.9
Forecast
50.3
Previous
51.5
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
Dec 02, 2024 (Nov) 15:00      
Nov 22, 2024 (Nov) 15:00       49.9
Nov 01, 2024 (Oct) 15:00 49.9 50.3 51.5
Oct 24, 2024 (Oct) 14:00   50.3 51.5 51.5
Oct 01, 2024 (Sep) 14:00 51.5 51.5 52.5
Sep 23, 2024 (Sep) 14:00   51.5 52.3 52.5

News

Bank of England cuts base rate by 25 bps to 5.0%
Bank of England cuts base rate by 25 bps to 5.0% By Investing.com - Aug 01, 2024

Investing.com - The Bank of England cut interest rates from a 16-year high Thursday, the first reduction since the pandemic as policymakers judged inflation sufficiently tamed to provide the economy...

Analysis

Manufacturing PMI Discussion

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