United Kingdom S&P Global Composite PMI Final

Últimas cifras

El último dato, de OCT, se publicó el 2026-11-04 y fue 52.9. Está por debajo del consenso de 53.1. Es más que 52.0 la vez anterior.

A weaker figure than expected points to slowing activity: the pound sterling tends to soften and markets price in lower rates.

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Por qué importa

PMIs are among the first data published for each month, weeks before official output figures, and they have a good record of tracking GDP. A reading above 50 means growth, below 50 contraction. Flash (preliminary) PMIs for the major economies can move currencies and stock indices strongly.

Cómo se calcula

Companies answer whether each item (output, new orders, employment, delivery times, stocks of purchases) is higher, the same or lower than a month earlier. Each answer set becomes a diffusion index; the manufacturing headline is a weighted average of five of them, the services headline is the activity question.

Diffusion index = % higher + ½ × % same
Manufacturing PMI = 0.30 new orders + 0.25 output + 0.20 employment + 0.15 delivery times (inverted) + 0.10 stocks

Qué significan los cambios

• Above 50 and rising: an accelerating economy, supportive for the pound sterling and local stocks.
• The composite PMI combines manufacturing and services and is the best single guide to GDP.
• Look at new orders (future activity) and prices charged (inflation pressure).

Una breve historia

The PMI method comes from the US purchasing managers' survey of the 1940s; the PMIs now produced for more than 40 countries started in the UK in 1992 and spread across Europe and Asia in the following decades.

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