United Kingdom PMI

United Kingdom

United Kingdom: Manufacturing PMI increases in July

August 1, 2015

The manufacturing Markit/CIPS Purchasing Managers’ Index (PMI) increased from 51.4 in June to 51.9 in July. As a result, the index remains firmly entrenched above the 50-threshold that separates expansion from contraction in business conditions. The index has been in positive territory since February 2013.

According to Markit/CIPS, July’s result came on the back of a further increase in manufacturing output. Nevertheless, the rate of job growth was only marginal. Markit/CIPS added that, looking forward, growth will heavily depend on the domestic market and on consumer demand in particular. The challenge therefore remains for the new government to take the necessary steps to revive manufacturing.

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 July 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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