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UK Manufacturing PMI – June 2020

The UK manufacturing sector showed signs of stabilising in June, following the recent steep downturn caused by the coronavirus disease 2019 (COVID-19) pandemic. Output edged back into growth territory as factories restarted, lockdown restrictions were loosened and staff returned to work.

The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to 50.1 in June, up from 40.7 in May and unchanged from the flash estimate. Although the 9.4 point month-on-month rise in the PMI beat May’s record (8.1), the reading was only slightly above the neutral 50.0 mark, indicating a stabilisation (not marked improvement) in operating conditions.

The full IHS Markit/CIPS UK Manufacturing PMI® Report is attached.

Lorraine MacKinder
Marketing and Membership Administrator

Tel: 020 7747 8121 (direct line)
Mobile: 07394561099