Forenede Kongerige - Produktion-PMI

The IHS Markit/CIPS UK Manufacturing PMI dropped to a four-month low of 47.4 in December 2019 from 48.9 in the previous month, missing market consensus of 49.3, a preliminary estimate showed. Production declined by the most since July 2012 and incoming new work decreased for the eight consecutive month, amid weaker export sales and customer destocking, alongside delays to spending decisions ahead of the general election. In addition, purchasing activity declined at the fastest rate since April 2009, due to fewer sales and planned inventory reduction, while stocks of purchases and post-production inventories also fell.

The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 48.9 in November 2019 from a preliminary estimate of 48.3 and compared to October's final reading of 49.6. Output shrank at a faster pace and new orders fell for the seventh month in a row, with new export orders declining at one of the steepest rates over the past seven years, following the delay to Brexit and the ongoing uncertainty surrounding the political, economic and global trade situations. In addition, employment dropped the most since September 2012 due to cost reduction efforts, efficiencies, Brexit uncertainty, redundancies, natural wastage and staff restructuring. Finished goods inventories fell at the steepest rate in over two-and-a-half years, while input buying volumes fell to one of the greatest extents since early-2013. On the price front, input costs decreased for the first time since March 2016, linked to lower global commodity prices and exchange rate effects.

The IHS Markit/CIPS UK Manufacturing PMI fell to 48.3 in November of 2019 from 49.6 in October, flash estimates showed. It compares with market expectations of 49. The reading pointed to the seventh straight month of contraction in the factory sector, mainly due to lower levels of output, new orders and employment amid global economic uncertainty and domestic political upheaval. Also, stocks of purchases fell the most since June 2018 due to a reversal of stock building ahead of the 31st October Brexit deadline. On the price front, input prices were broadly unchanged while output inflation slipped to a three-and-a-half year low.

The IHS Markit/CIPS UK Manufacturing PMI rose to 49.6 in October 2019 from 48.3 in the previous month, its highest level since April and well above market expectations of 48.1. However, the latest reading continued to point to a contraction in the manufacturing sector, as output and new orders fell amid ongoing uncertainties surrounding Brexit, the economy and the domestic political situation. In addition, employment declined for the seventh consecutive month, while firms ramped up stock-building and purchasing activity as they prepared for the October Brexit departure date, which was later postponed. Growth in inventories of finished goods and purchases were at six-month highs. On the price front, input costs were flat and output charge inflation remained weak. Looking ahead, business confidence hit a three-month high.

The IHS Markit/CIPS UK Manufacturing PMI rose to 48.3 in September 2019 from the previous month's six-and-a-half year low of 47.4, beating market consensus of 47.0. Still, the latest reading remained below the neutral 50.0 mark for five successive months, its longest sequence below that mark since mid-2009. Output continued to contract, amid lower inflows of new work from the domestic and overseas markets, and employment declined the most since February 2013. Companies reported that capacity had been reduced due to lower demand, efforts to control costs, redundancies and natural wastage. Meanwhile, input buying levels increased as part of restarting Brexit preparations. On the price front, inflationary pressures remained relatively contained, as rates of increase in input costs and selling prices both eased. Looking ahead, business optimism remained at a subdued level in September, despite improving from the series-record low.

The IHS Markit/CIPS UK Manufacturing PMI fell to 47.4 in August 2019 from 48.0 in the previous month and below market expectations of 48.4. The latest reading pointed to the steepest month of contraction in the manufacturing sector since July 2012, as new orders fell the most in over seven years, amid ongoing global trade tensions, slower world economic growth and Brexit uncertainty. In addition, employment fell at one of the fastest rates over the past six-and-a-half years, while stocks of finished goods moved mildly higher and input inventories edged lower. On the price front, input cost inflation remained solid and average selling prices continued to rise. Looking ahead, business optimism slumped to its lowest level since a question tracking expectations for future output was added to the survey in July 2012.