The S&P Global/CIPS UK Construction PMI dropped to 48.8 in December 2022 from 50.4 in the previous month and below market expectations of 49.6. The latest reading signaled the first contraction in construction sector output since last August, with the rate of decline the fastest since May 2020. Housing activity declined for the first time since last July and civil engineering recorded a sixth consecutive monthly contraction in output, while commercial construction activity rose the least in the current four-month sequence. Overall new orders and purchasing activity declined the most for over two-and-a-half-years, driven by weak client demand, while employment levels shrank for the first time since January 2021. On the price front, the rate of inflation was the weakest for two years, but was still marked. Finally, business sentiment dipped into negative territory for the first time since the initial COVID-19 wave and for only the sixth time on record. source: Markit Economics

Construction PMI in the United Kingdom averaged 51.74 points from 2008 until 2022, reaching an all time high of 66.30 points in June of 2021 and a record low of 8.20 points in April of 2020. This page provides the latest reported value for - United Kingdom Construction Pmi - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Construction PMI in the United Kingdom is expected to be 50.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Construction PMI is projected to trend around 53.70 points in 2024, according to our econometric models.

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United Kingdom Construction PMI



Related Last Previous Unit Reference
Construction PMI 48.80 50.40 points Dec 2022

United Kingdom Construction PMI
In the United Kingdom, the Markit / Chartered Institute of Purchasing and Supply Purchasing Managers Index measures the performance of the construction sector and is derived from a survey of 170 construction companies.
Actual Previous Highest Lowest Dates Unit Frequency
48.80 50.40 66.30 8.20 2008 - 2022 points Monthly
NSA

News Stream
UK Construction Activity Contracts in December
The S&P Global/CIPS UK Construction PMI dropped to 48.8 in December 2022 from 50.4 in the previous month and below market expectations of 49.6. The latest reading signaled the first contraction in construction sector output since last August, with the rate of decline the fastest since May 2020. Housing activity declined for the first time since last July and civil engineering recorded a sixth consecutive monthly contraction in output, while commercial construction activity rose the least in the current four-month sequence. Overall new orders and purchasing activity declined the most for over two-and-a-half-years, driven by weak client demand, while employment levels shrank for the first time since January 2021. On the price front, the rate of inflation was the weakest for two years, but was still marked. Finally, business sentiment dipped into negative territory for the first time since the initial COVID-19 wave and for only the sixth time on record.
2023-01-06
UK Construction Growth Slows: PMI
The S&P Global/CIPS Construction PMI for the UK fell to a three-month low of 50.4 in November of 2022 from 53.2 in October, signalling a slowdown in construction activity, amid subdued demand and reduced risk appetite among clients. Higher borrowing costs and worries about the economic outlook also weighed. Commercial work was the only segment to register an overall rise in business activity while house building stalled and civil engineering declined for the fifth consecutive month. Meanwhile, new orders increased slightly; employment slowed; input buying was the highest since July on rising workloads and improved raw material availability; and suppliers' delivery times lengthened due to transport and logistics delays. On the price front, input cost inflation eased to the lowest since January of 2021, partly due to softer commodity prices. Finally, business optimism slumped to lowest for two-and-a-half years.
2022-12-06
UK Construction Activity Grows More than Expected
The S&P Global/CIPS UK Construction PMI rose to 53.2 in October of 2022 from 52.3 in the previous month, well above market expectations of 50.5 to signal the sharpest expansion in the sector since May. Business activity was carried by an increase in production, supported by large backlogs of unfinished work since new orders declined for the first time in 28 months. The expansion was led by commercial building reaching a five-month high, while residential work grew at a softer pace and civil engineering activity contracted for the fourth month. Still, construction firms were pessimistic about their growth expectations for the next year, citing political uncertainty and recession worries in the UK.
2022-11-04