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.