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.

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United Kingdom Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.20 54.60 64.60 8.20 2008 - 2021 points Monthly
NSA


News Stream
UK Construction Sector Falls into Contraction
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.
2021-02-04
UK Construction Output Growth Remains Strong
The IHS Markit/CIPS UK Construction PMI came in at 54.6 in December 2020, little-changed from 54.7 in November and below market expectations of 55.0. Increased construction activity primarily reflected another sharp rise in house building, while commercial activity growth eased to its lowest since the recovery began last June and civil engineering works contracted. Total new orders increased for a seventh straight month, leading to a slight rebound in employment numbers and greater demand for construction inputs. At the same time, supply chains and delays at UK ports resulted in longer delivery times. On the price front, input cost inflation quickened to the highest since April 2019. Looking ahead, business optimism was the strongest since April 2017.
2021-01-07
UK Construction Sector Growth Beats Forecasts
The IHS Markit/CIPS UK Construction PMI rose to 54.7 in November 2020, from a five-month low of 53.1 in the previous month and well above market expectations of 52.0. The latest reading pointed to a solid increase in total construction output, with house building growing sharply and both civil engineering and commercial work increasing modestly. Overall new business volumes expanded the most since October 2014, amid a recovery in tender opportunities and improving confidence among clients; and purchasing activity growth was the highest for just over six years. On a more negative note, employment continued to fall with some firms reporting ongoing job cuts amid efforts to reduce overheads. On the price front, input costs increased at the fastest rate since April 2019. Looking ahead, business confidence was the strongest since January.
2020-12-04
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

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.