UK composite PMI 2023

In February 2023, the Composite Purchasing Managers Index (PMI) was 53.1, compared with 48.5 in the previous month. In the wake of the Coronavirus outbreak, the United Kingdom's composite PMI fell from 53 in February 2020, to 13.8 by April, highlighting the dire economic situation brought on by the pandemic. The composite PMI recovered from July onwards, but fell to 49 in November 2020, with a slight recovery in December preceding an even further drop to 41.2 in January 2021.

Composite Purchasing Managers Index (PMI) in the United Kingdom from July 2019 to February 2023

Characteristic	Composite PMI
Feb 23	53.1
Jan 23	48.5
Dec 22	49
Nov 22	48.2
Oct 22	48.2
Sep 22	49.1
Aug 22	49.6
Jul 22	52.1
Jun 22	53.7
May 22	53.1
Apr 22	58.2
Mar 22	60.9
Feb 22	59.9
Jan 22	54.2
Dec 21	53.6
Nov 21	57.6
Oct 21	57.8
Sep 21	54.9
Aug 21	54.8
Jul 21	59.2
Jun 21	62.2
May 21	62.9
Apr 21	60.7
Mar 21	56.4
Feb 21	49.6
Jan 21	41.2
Dec 20	50.4
Nov 20	49
Oct 20	52.1
Sep 20	56.5
Aug 20	59.1
Jul 20	57
Jun 20	47.7
May 20	30
Apr 20	13.8
Mar 20	36
Feb 20	53
Jan 20	53.3
Dec 19	49.3
Nov 19	49.3
Oct 19	50
Sep 19	49.3
Aug 19	50.2
Jul 19	50.7

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Release date

March 2023

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Region

United Kingdom

Survey time period

July 2019 to February 2023

Supplementary notes

* Provisional data.

According to the source: "The Composite PMI Index measures the activity level of purchasing managers in the both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.h."

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