The IHS Markit/CIPS UK Construction PMI plunged to 8.2 in April 2020 from 39.3 in the previous month and well below market expectations of 22.2. The latest reading pointed to the steepest pace of contraction in the sector since data were first collected in April 1997, led by record declines in house building, commercial activity and civil engineering works, on complete stoppages of activity on site due to the coronavirus pandemic. New business volumes fell the most on record and employment dropped sharply, with employees often placed on furlough until work on site could recommence with social distancing measures. Meanwhile, the latest lengthening of average lead times for the delivery of construction products and materials was by far the steepest since the survey began in April 1997.
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 May of 2020. source: Markit Economics
Construction Pmi in the United Kingdom is expected to be 38.00 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 47.00 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.