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.
Construction Pmi in the United Kingdom averaged 51.06 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 September of 2020. source: Markit Economics
Construction Pmi in the United Kingdom is expected to be 51.50 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 55.00 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.