Challenges
S&P Global/CIPS Manufacturing PMI
Most recent - Thursday 21 August 2025 08:30
Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
Next event - Monday 1 September 2025 08:30
The typical/expected market impact of this event is low.
There is no forecast value for S&P Global/CIPS Manufacturing PMI yet - check back for updates.
Trading range
Forecast history
The most recent announced value for S&P Global/CIPS Manufacturing PMI was 47.3 against a forecast of 48.3.
Past events
Economic context
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global/CIPS Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| GfK Consumer Confidence | Bullish change | -19 | -17 | ||
| S&P Global Composite PMI | Bullish change | 51.5 | 53 | ||
| S&P Global Services PMI | Bullish change | 51.8 | 53.6 | ||
| Consumer Price Index (MoM) | Bearish change | 0.3% | 0.1% | ||
| Consumer Price Index (YoY) | Bullish change | 3.6% | 3.8% | ||
| Core Consumer Price Index (YoY) | Bullish change | 3.7% | 3.8% | ||
| Retail Price Index (MoM) | (no change) | 0.4% | 0.4% | ||
| Retail Price Index (YoY) | Bullish change | 4.4% | 4.8% | ||
| Gross Domestic Product (MoM) | Bullish change | -0.1% | 0.4% | ||
| Gross Domestic Product (QoQ) | Bearish change | 0.7% | 0.3% | ||
| Gross Domestic Product (YoY) | Bearish change | 1.3% | 1.2% | ||
| Industrial Production (MoM) | Bullish change | -1.3% | 0.7% | ||
| Manufacturing Production (MoM) | Bullish change | -1% | 0.5% | ||
| Average Earnings Excluding Bonus (3Mo/Yr) | (no change) | 5% | 5% | ||
| Average Earnings Including Bonus (3Mo/Yr) | Bearish change | 5% | 4.6% | ||
| Claimant Count Change | Bearish change | -15.5K | -6.2K | ||
| Claimant Count Rate | (no change) | 4.4% | 4.4% | ||
| Employment Change (3M) | Bullish change | 134K | 239K | ||
| ILO Unemployment Rate (3M) | (no change) | 4.7% | 4.7% | ||
| BRC Like-For-Like Retail Sales (YoY) | Bearish change | 2.7% | 1.8% |
About S&P Global/CIPS Manufacturing PMI
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |