United Kingdom PMI

United Kingdom

United Kingdom: Manufacturing PMI drops in April

May 4, 2015

The manufacturing Markit/CIPS Purchasing Managers’ Index (PMI) fell from 54.0 in March to 51.9 in April. March’s figure had marked a seven-month high. As a result, the index is now closer to the 50-threshold that separates expansion from contraction in business conditions, the index has held above this threshold/in positive territory since February 2013.

According to Markit/CIPS, April’s weak result came on the back of a sharp deceleration in both order books and production. Growth in the sector remains broadly consumer-led, while the investment and exports pictures are subdued. Markit/CIPS added that, “a key challenge for the next government is to revive manufacturing and help it at least regain its pre-crisis peak, as any signs of rebalancing the economy towards manufacturing and exports remain frustratingly elusive.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 8.3% in 2015, which is unchanged from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 6.4%.

Author:, Senior Economist

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United Kingdom PMI Chart

United Kingdom PMI April 2015

Note: Markit/CIPS United Kingdom Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: Markit and CIPS.

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