Challenges
S&P Global/CIPS Composite PMI
Most recent - Friday 22 September 2023 08:30
Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
Next event - Wednesday 4 October 2023 08:30
The typical/expected market impact of this event is low.
The consensus forecast for S&P Global/CIPS Composite PMI is 46.8. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Trading range
Forecast history
The most recent announced value for S&P Global/CIPS Composite PMI was 46.8 against a forecast of 48.7.
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 Composite PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Gross Domestic Product (QoQ) | (no change) | 0.2% | 0.2% | ||
| Gross Domestic Product (YoY) | Bullish change | 0.4% | 0.6% | ||
| S&P Global/CIPS Manufacturing PMI | Bullish change | 43 | 44.2 | ||
| S&P Global/CIPS Services PMI | Bearish change | 49.5 | 47.2 | ||
| Retail Sales (MoM) | Bullish change | -1.2% | 0.4% | ||
| Retail Sales (YoY) | Bullish change | -3.2% | -1.4% | ||
| Retail Sales ex-Fuel (MoM) | Bullish change | -1.4% | 0.6% | ||
| Retail Sales ex-Fuel (YoY) | Bullish change | -3.4% | -1.4% | ||
| GfK Consumer Confidence | Bullish change | -25 | -21 | ||
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | Bearish change | 8 | 4 | ||
| Consumer Price Index (MoM) | Bullish change | -0.4% | 0.3% | ||
| Consumer Price Index (YoY) | Bearish change | 6.8% | 6.7% | ||
| Core Consumer Price Index (YoY) | Bearish change | 6.9% | 6.2% | ||
| PPI Core Output (MoM) n.s.a | Bearish change | 0.1% | -0.1% | ||
| PPI Core Output (YoY) n.s.a | Bearish change | 2.3% | 1.6% | ||
| Producer Price Index - Output (MoM) n.s.a | Bullish change | 0.1% | 0.2% | ||
| Producer Price Index - Output (YoY) n.s.a | Bullish change | -0.8% | -0.4% | ||
| Retail Price Index (MoM) | Bullish change | -0.6% | 0.6% | ||
| Retail Price Index (YoY) | Bullish change | 9% | 9.1% |
About S&P Global/CIPS Composite PMI
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |