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.

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United Kingdom Construction Pmi

Actual Previous Highest Lowest Dates Unit Frequency
54.60 58.10 64.60 8.20 2008 - 2020 points Monthly
NSA


News Stream
UK Construction Activity Growth Lowest in 3 Months
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.
2020-09-04
UK Construction Output Grows the Most in 4-1/2 Years
The IHS Markit/CIPS UK Construction jumped to 58.1 in July 2020 from 55.3 in the previous month, easily beating market expectations of 57.0. The latest reading signaled the steepest expansion of overall construction work since October 2015 as residential building growth accelerated to the fastest pace since September 2014. Commercial work and civil engineering activity also rose at a faster pace. Overall new orders increased the most since February, with survey respondents commenting on a boost to sales from easing lockdown measures and the restart of work on site. However, employment continued to contract at a sharp rate. On the price front, input cost inflation reached its highest level since May 2019. Looking ahead, business confidence moderated since June, which was linked to concerns about the economic outlook and a lack of new work to replace completed projects.
2020-08-06
UK Construction Output Rises More than Expected in June
The IHS Markit/CIPS UK Construction PMI jumped to 55.3 in June 2020 from 28.9 in the previous month, easily beating market consensus of 47.0. The latest reading signaled the steepest increase in construction output since July 2018, due to the reopening of the UK construction supply chain following stoppages and business closures due to the coronavirus pandemic. Residential construction work expanded by the most in almost five years, while both commercial work and civil engineering activity also returned to growth. Purchasing activity rose at the fastest rate since December 2015 and new business volumes increased marginally amid ongoing hesitancy among clients and longer lead-times to secure new contracts, while employment continued to fall. Looking ahead, business confidence remained historically subdued, but climbed to its highest since February.
2020-07-06
UK Construction Sector Remains in Contraction
The Markit/CIPS UK Construction PMI rose to 28.9 in May 2020 from an all-time low of 8.2 in the previous month. Still, the latest reading pointed to the second-sharpest contraction in the sector since February 2009, reflecting a gradual reopening of construction sites as lockdown measures were eased in England. New orders and employment continued to fall at a sharp pace, while lead times for construction products and materials continued to lengthen at a rapid pace. Looking ahead, business sentiment held close to April's low amid recession worries and fears of postponements to new projects.
2020-06-04

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.