The S&P Global/CIPS UK Construction PMI rose to 51.6 in May 2023, above May's reading and market expectations of 51.1. Although indicative of only modest growth, the latest PMI pointed to the strongest upturn in total construction activity since February, driven by faster rises in commercial building and civil engineering activity. Total new business increased the most since April 2022, despite weakness in the house building sector and worries about the impact of higher interest rates. In addition, employment rose for the fourth month in a row, while average lead times for the delivery of construction products and materials shortened to the greatest extent since August 2009, due to to fewer logistics bottlenecks, alongside an improved balance between demand and supply. On the price front, purchasing price inflation was the lowest for over two-and-a-half years. Finally, business confidence slipped to a four-month low amid concerns about the UK economic outlook. source: Markit Economics

Construction PMI in the United Kingdom averaged 51.72 points from 2008 until 2023, 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 June of 2023.

Construction PMI in the United Kingdom is expected to be 51.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United Kingdom Construction PMI



Related Last Previous Unit Reference
Construction PMI 51.60 51.10 points May 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.60 51.10 66.30 8.20 2008 - 2023 points Monthly
NSA

News Stream
UK Construction Output Growth Accelerates in May
The S&P Global/CIPS UK Construction PMI rose to 51.6 in May 2023, above May's reading and market expectations of 51.1. Although indicative of only modest growth, the latest PMI pointed to the strongest upturn in total construction activity since February, driven by faster rises in commercial building and civil engineering activity. Total new business increased the most since April 2022, despite weakness in the house building sector and worries about the impact of higher interest rates. In addition, employment rose for the fourth month in a row, while average lead times for the delivery of construction products and materials shortened to the greatest extent since August 2009, due to to fewer logistics bottlenecks, alongside an improved balance between demand and supply. On the price front, purchasing price inflation was the lowest for over two-and-a-half years. Finally, business confidence slipped to a four-month low amid concerns about the UK economic outlook.
2023-06-06
UK Construction Sector Rises for 3rd Month
The S&P Global/CIPS UK Construction PMI edged higher to 51.1 in April of 2023 from 50.7 in March, marking a third consecutive increase in construction activity, and compared to forecasts of 51. Rising volumes of commercial work and civil engineering activity helped to offset the steepest decline in residential construction output since May 2020. Meanwhile, supply conditions improved to the greatest extent since September 2009, reflecting an upturn in materials availability and fewer instances of transport delays. Input price pressures also eased, with the rate of cost inflation the lowest for almost two-and-a-half years. Finally, construction companies anticipate a further increase in business activity during the year ahead, but the degree of confidence edged down to a three-month low.
2023-05-05
UK Construction Growth Eases in March
The S&P Global/CIPS UK Construction PMI dropped to 50.7 in March 2023, down from 54.6 in the previous month and well below market consensus of 53.5. The latest reading signaled a marginal overall increase in total construction output, with civil engineering works leading the growth. At the same time, commercial building work growth slowed from a nine-month high and housing activity contracted the most since May 2020, with firms citing fewer tender opportunities due to rising borrowing costs and a subsequent slowdown in new house building projects. Still, total new work rose the most since last July and the rate of job creation accelerated to its fastest since last October. On the price front, input cost inflation eased to the second-slowest since November 2020, but remained high overall. Finally, business sentiment hit an over one-year high in March, recovering further from the two-and-a-half year low seen in December.
2023-04-06