The S&P Global/CIPS UK Construction PMI rose to 51.7 in July 2023, beating market expectations of 48 and from 48.9 in June. Although indicative of modest growth, it marked the strongest reading in five months, driven by the robust increases from commercial building and civil engineering activity. However, this was offset by the steep fall in residential work. In June, new orders growth slowed below the average seen in the first half of the year, as rising borrowing costs continued to hamper sales. Meanwhile, employment accelerated to its steepest since October 2022, due to improved candidate availability and business expansion plans. Also, input prices rose moderately, at a pace softer than seen on average in the first half of 2023. Finally, business confidence remained positive for the year-ahead and picked up slightly from June. Nevertheless, some firms cited higher interest rates as a key factor stifling output growth projections. source: Markit Economics

Construction PMI in the United Kingdom averaged 51.71 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 August of 2023.

Construction PMI in the United Kingdom is expected to be 52.20 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 53.10 points in 2024 and 52.50 points in 2025, according to our econometric models.

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United Kingdom Construction PMI



Related Last Previous Unit Reference
Construction PMI 51.70 48.90 points Jul 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
51.70 48.90 66.30 8.20 2008 - 2023 points Monthly
NSA

News Stream
UK Construction Output Beats Expectations
The S&P Global/CIPS UK Construction PMI rose to 51.7 in July 2023, beating market expectations of 48 and from 48.9 in June. Although indicative of modest growth, it marked the strongest reading in five months, driven by the robust increases from commercial building and civil engineering activity. However, this was offset by the steep fall in residential work. In June, new orders growth slowed below the average seen in the first half of the year, as rising borrowing costs continued to hamper sales. Meanwhile, employment accelerated to its steepest since October 2022, due to improved candidate availability and business expansion plans. Also, input prices rose moderately, at a pace softer than seen on average in the first half of 2023. Finally, business confidence remained positive for the year-ahead and picked up slightly from June. Nevertheless, some firms cited higher interest rates as a key factor stifling output growth projections.
2023-08-04
UK Construction Output Back to Contraction
The S&P Global/CIPS UK Construction PMI fell to 48.9 in June 2023 from 51.6 in May, pointing to the first contraction in the construction sector in five months, as housing activity fell the most since May 2020, amid weaker demand, rising borrowing costs and a subdued outlook for the housing market. On the other hand, civil engineering rose at the second-fastest pace since June 2022 due to increasing work on infrastructure projects and commercial building also expanded at a solid pace. In June, new orders declined for the first time since January, companies cut back on purchases of products and materials and suppliers' delivery times improved at the quickest pace for 14 years. Also, input prices recorded the first outright reduction since January 2010, amid lower fuel, steel and timber prices, alongside more competitive market conditions in response to falling demand. Finally, construction firms signalled a downturn in business confidence for the third month running.
2023-07-06
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