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Main Indicator: Manufacturing PMI
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 51.0 | 50.7 | 51.3 | N/A | ||
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For April
Prices: 61.9 Activity in the manufacturing sector in the UK fell to 51, the lowest level in 3 months, but the result was slightly above expectations. The prices sub-index increased to 61.9, the highest it has been since at least 1999, when the survey began being collected. Though the manufacturing sector may benefit from a falling Pound, by making British goods more competitive abroad, it will also work to stoke inflation as imports from abroad will cost more and consumer prices will increase. The Bank of England has acknowledged that it faces a difficult balancing act in promoting economic growth while trying to control inflation. |
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Table of Past Data
| 9/3 | 10/1 | 1/2 | 2/1 | 3/3 | 4/1 | 5/1 | |||||
| Actual | 56.3 | 55.1 | 52.9 | 50.6 | 51.3 | 51.3 | 51.0 | ||||
| Forecast | 55.1 | 55.5 | 53.9 | 52.5 | 51.0 | 51.1 | 50.7 | ||||
| Previous | 55.9 | 56.3 | 54.3 | 52.9 | 50.7 | 51.3 | 51.3 | ||||
| Revised From | 55.7 | N/A | 54.4 | N/A | 50.6 | N/A | N/A | ||||
Past Releases
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Actual | Forecast | Previous | Revised Form | |
| 51.3 | 51.1 | 51.3 | N/A | ||
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For March
The index of manufacturing remained at its 51.3 level from February, though predictions had it falling slightly. From the report, a guage of producer prices climbed to 60.6 from 59.9, which puts the price index at its highest level since 1999. The report's finding thats producers continue to face higher inflation will put more pressure on the Bank of England to hold rates steady. The Pound gained after the release, but pared those gains in NY Trading, as a result of ISM US Manufacturing Index recording a better-than-expected figure. |
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Actual | Forecast | Previous | Revised Form | |
| 51.3 | 51.0 | 50.7 | 50.6 | ||
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For February
Manufacturing activity in the UK picked up more than expected in February, with the PMI registering a 51.3. The Pound got a small boost following the news against the Dollar, and managed to stop its overnight losses vs the Yen. |
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Actual | Forecast | Previous | Revised Form | |
| 50.6 | 52.5 | 52.9 | N/A | ||
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For January
The UK Manufacturing sector continued falling in January, and came close to the 50 boom-bust level. The fall was harder than expected, and further continues the narrative that the UK economy is slowing as a result of the conditions created after the "credit crunch." The central bank meets next week and is expected to bring rates down. |
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Actual | Forecast | Previous | Revised Form | |
| 52.9 | 53.9 | 54.3 | 54.4 | ||
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For December. Provided by Chartered Institute of Purchasing and Supply New Orders: 51.7, pr. 55 (Nov) Output Prices: 55.6, pr. 57.5 (Nov) The pace of growth in the manufacturing sector in the UK weakened during December. Prices came down to nine-month lows, easing inflationary pressure from the manufacturing sector, and providing the Bank of England some leeway in terms of lowering interest rates if necessary. Manufacturing makes up 15% of UK GDP. |
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Actual | Forecast | Previous | Revised Form | |
| 55.1 | 55.5 | 56.3 | N/A | ||
| For September. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 56.3 | 55.1 | 55.9 | 55.7 | ||
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Coming in above expectations, activity in U.K.'s manufacturing sector showed robust growth in August. The Purchasing Managers Index hit a three year high at 56.3, and July's number was revised up to 55.7 from 55.7. Production has now expanded for 27 straight months, according to NTC Research, coming despite higher interest rates and a stronger pound. Prior to the release, the GBP/USD was approaching resistance near 2.0210; the release did not have much of an impact and the pair dipped in the dollar's favor bouncing down off resistance. 
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