The IHS Markit/CIPS UK Construction PMI declined to 52.6 in September 2021, missing market expectations of 54.0 and moving further away from the 24-year high seen in June. The latest reading signaled only a moderate expansion of total construction output and the weakest speed of recovery for eight months, due to a combination of supply chain issues and softer demand. The biggest slowdown was seen in civil engineering, while house building grew the less since June 2020. Total new work increased the least since the start of 2021 and the rise in staffing levels was the least marked since April. On the price front, purchase prices increased rapidly, although at a slower pace. Finally, business sentiment weakened in September amid some concerns that the supply chain crisis will hinder growth. source: Markit Economics
Construction PMI in the United Kingdom averaged 51.54 points from 2008 until 2021, reaching an all time high of 66.30 points in June of 2021 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 October of 2021.
Construction PMI in the United Kingdom is expected to be 53.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Construction PMI is projected to trend around 54.50 points in 2022 and 52.90 points in 2023, according to our econometric models.