The IHS Markit/CIPS UK Construction fell to 53.1 in October 2020, from 56.8 in the previous month and well below market expectations of 55.0. The latest reading signaled the slowest rate of expansion in the construction sector in five months. House building was by far the best-performing area of construction activity in October, followed by commercial activity, while civil engineering works contracted. Overall new orders increased the most since December 2015 due to the start of projects that had been delayed earlier amid the COVID-19 crisis. Meanwhile, employment continued to fall, while there was another sharp lengthening of delivery times for construction products and materials, with the latest deterioration in supplier performance the steepest since June. On the price front, the rate of input cost inflation accelerated to its fastest since April 2019. Looking ahead, construction companies reported optimism towards their prospects for the next 12 months. source: Markit Economics

Construction Pmi in the United Kingdom averaged 51.11 points from 2008 until 2020, 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 November of 2020.

Construction Pmi in the United Kingdom is expected to be 44.00 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 53.20 in 12 months time. In the long-term, the United Kingdom Construction Pmi is projected to trend around 50.00 points in 2021 and 51.00 points in 2022, according to our econometric models.

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United Kingdom Construction Pmi

Actual Previous Highest Lowest Dates Unit Frequency
53.10 56.80 64.60 8.20 2008 - 2020 points Monthly
NSA


News Stream
UK Construction Growth Slows to 5-Month Low
The IHS Markit/CIPS UK Construction fell to 53.1 in October 2020, from 56.8 in the previous month and well below market expectations of 55.0. The latest reading signaled the slowest rate of expansion in the construction sector in five months. House building was by far the best-performing area of construction activity in October, followed by commercial activity, while civil engineering works contracted. Overall new orders increased the most since December 2015 due to the start of projects that had been delayed earlier amid the COVID-19 crisis. Meanwhile, employment continued to fall, while there was another sharp lengthening of delivery times for construction products and materials, with the latest deterioration in supplier performance the steepest since June. On the price front, the rate of input cost inflation accelerated to its fastest since April 2019. Looking ahead, construction companies reported optimism towards their prospects for the next 12 months.
2020-11-05
UK Construction Activity Expands Firmly in September
The IHS Markit/CIPS UK Construction PMI rose to 56.8 in September 2020, up from 54.6 in the previous month and well above market expectations of 54.0. The latest reading pointed to a reacceleration in the rate of activity growth and a sharp increase overall, boosted by home building activity and work on commercial projects. Meanwhile, civil engineering activity fell for the second month running and at the sharpest rate since May. Overall new orders rose the most since before the pandemic-induced lockdown and purchasing activity growth accelerated to the fastest since October 2015. On a more negative note, employment contracted for a seventh consecutive month. On the price front, cost burden inflation slowed for the first time in six months to the weakest since May. Finally, confidence towards the 12-month business outlook was the strongest since February.
2020-10-06
UK Construction Activity Growth Lowest in 3 Months
The IHS Markit/CIPS UK Construction PMI fell to 54.6 in August of 2020 from 58.1 in July which was the highest since October of 2015. The reading came well below market forecasts of 58.5 as a lack of new work to replace completed contracts had acted as a brake on the speed of expansion. The civil engineering sector fell back into contraction and growth in the commercial and housebuilding slowed. New orders slowed, supply chain disruption persisted, job shedding eased only slightly and input price inflation increased. Finally, business expectations improved amid hopes of a boost from major infrastructure projects and resilient public sector construction spending.
2020-09-04
UK Construction Output Grows the Most in 4-1/2 Years
The IHS Markit/CIPS UK Construction jumped to 58.1 in July 2020 from 55.3 in the previous month, easily beating market expectations of 57.0. The latest reading signaled the steepest expansion of overall construction work since October 2015 as residential building growth accelerated to the fastest pace since September 2014. Commercial work and civil engineering activity also rose at a faster pace. Overall new orders increased the most since February, with survey respondents commenting on a boost to sales from easing lockdown measures and the restart of work on site. However, employment continued to contract at a sharp rate. On the price front, input cost inflation reached its highest level since May 2019. Looking ahead, business confidence moderated since June, which was linked to concerns about the economic outlook and a lack of new work to replace completed projects.
2020-08-06

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.