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UK Manufacturing PMI – May 2020

Output, new orders and employment contracted at some of the fastest rates during the 28-year survey history, albeit less sharply than the records set in April.

The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) rose to 40.7 in May, up from a record-low of 32.6 in April. Despite the increased level of the PMI, it still signalled a marked deterioration in overall operating conditions. The headline index is at its seventh-lowest level ever and at depths unseen outside of the current pandemic and the global financial crisis of 2008-09. May 2020 survey data were collected between 12-26 May.

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