U.K. Manufacturing Purchasing Managers Index (PMI)

GBP
Actual
47.1
Forecast
47.5
Previous
47.0
Latest Release
Feb 22, 2024
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
Mar 01, 2024 (Feb) 15:00 - 47.1
47.0
Feb 22, 2024 15:00 47.1 47.5
47.0
Feb 01, 2024 (Jan) 15:00 47.0 47.3
46.2
Jan 24, 2024 15:00 47.3 46.7
46.2
Jan 02, 2024 (Dec) 15:00 46.2 46.4
47.2
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