The IHS Markit/CIPS UK Construction PMI dropped to 49.2 in January 2021, down from 54.6 in the previous month and well below market expectations of 52.9. The latest reading signaled a decline in overall construction output for the first time since May 2020, as a renewed fall in commercial activity and another drop in work on civil engineering projects offset strong growth in the residential category. At the same time, new order rose the least in seven months as the third national lockdown and concerns about the near-term economic outlook led to greater hesitancy among clients; while employment declined due to the non-replacement of leavers following project completions. On the price front, input cost inflation accelerated to its highest for just over two-and-a-half years. source: Markit Economics
Construction PMI in the United Kingdom averaged 51.14 points from 2008 until 2021, reaching an all time high of 64.60 points in January of 2014 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 2021.
Construction PMI in the United Kingdom is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in the United Kingdom to stand at 50.00 in 12 months time. In the long-term, the United Kingdom Construction PMI is projected to trend around 51.00 points in 2022, according to our econometric models.