According to April data released by IHS Markit, a global information provider based in London, Manufacturing Purchasing Managers' Index (PMI) in the UK was 60.9 and Service Purchasing Managers' Index (PMI) was 61.0, beating market expectations.



UK, which experienced the third wave of Covid-19 early, maintained its restriction measures from November 2020 until March 2021. The UK, which has been one of the first to take steps in the vaccination campaign during this period, has also introduced steps of gradual normalization after March.

Paying attention to the vaccination campaign and social distance rules, the UK has delivered a message of lifting the restrictions after the daily coronavirus cases declined to 2,000 people per day. As the Johnson administration moved into a gradual normalization process in order to remove these restraining measures, it paved the way for some economic recovery.

In addition, the UK, which aims to minimise the effects of the Coronavirus outbreak on the economy, has supported the economy with fiscal and monetary policy, and increased production has led to new product launches and increased new orders.

With the effect of the factors mentioned above, while the Manufacturing purchasing managers index (PMI) rose to 60.9 for the first time since 1994, and it continued to maintain its upward movement in the 11-month framework.

The recovery in the manufacturing Purchasing Managers' Index (PMI), as well as in the services sector, was announced in IHS Markit's report. Along with the third normalization step taken against the Coronavirus outbreak, the cafe and restaurant-based service area experienced some recovery, continuing to support the Service Purchasing Managers Index (PMI) in April. In this context, the service sector rose above the level of 8 years ago after restriction measures were lifted. The report stated that service sector's performance, cumulative demand and sharp increases in businesses led to that increase in service sector data. In addition, it was emphasized that growing optimism about the economic outlook had an impact on the recovery of the service sector, while confidence in the continuity of the recovery supported employment growth, making it the fastest increase since October 2015.

In addition, the measures taken within the scope of combating the coronavirus in the UK could be lifted on June 21. In addition, concerns about the effects of the third wave have subsided as the UK's vaccination campaign accelerates and current cases decline. Therefore, it can be expected that the strong trend in PMI data will be maintained in the upcoming period. It is worth noting here that the UK's signing of trade agreements with developed and developing countries can also contribute to the recovery in the locomotive sectors of its economy by increasing new orders.