UK Construction PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction;
- UK Construction PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Jun 6, 2024 | 54.7 | 52.5 | 53.0 |
May 7, 2024 | 53.0 | 50.4 | 50.2 |
Apr 5, 2024 | 50.2 | 49.8 | 49.7 |
Mar 6, 2024 | 49.7 | 49.0 | 48.8 |
Feb 6, 2024 | 48.8 | 47.2 | 46.8 |
Jan 5, 2024 | 46.8 | 46.1 | 45.5 |
Dec 6, 2023 | 45.5 | 46.7 | 45.6 |
Nov 6, 2023 | 45.6 | 46.1 | 45.0 |
-
- UK Construction PMI News
- From pmi.spglobal.com|Jun 6, 2024|2 comments
Growth in the UK construction sector gained momentum during May, with activity and new business increasing at sharper rates than in April. Rising workloads prompted renewed expansions in purchasing activity and employment, while business confidence also strengthened. Supply-chain conditions continued to improve amid reports of good stock availability at vendors. This contributed to the pace of input cost inflation slowing to a marginal pace. The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally ...
- From pmi.spglobal.com|May 7, 2024
Business activity growth gained momentum across the UK construction sector in April, largely due to solid rates of expansion in the commercial and civil engineering segments. Near-term prospects remained relatively positive, as new work increased for the third month running amid reports of a boost to sales from improving domestic economic conditions. Supplier lead times meanwhile shortened to the greatest extent in 2024 so far, which survey respondents linked to rising materials availability and relatively soft demand for ...
- From pmi.spglobal.com|Apr 5, 2024
UK construction companies indicated a renewed increase in total industry activity during March, thereby ending a six-month period of decline. Survey respondents often commented on a turnaround in sales pipelines and greater new business enquiries linked to the improving economic outlook and more stable financial conditions. Adding to signs of a recovery in construction sector performance, new orders expanded at the fastest pace since May 2023. However, construction companies remained cautious about staff hiring, with employment ...
- From pmi.spglobal.com|Mar 6, 2024
February data pointed to improved demand conditions across the UK construction sector. Although only marginal, the rate of new business growth was the fastest since May 2023. A turnaround in construction order books contributed to a near-stabilisation of overall output levels in the latest survey period. Business optimism improved for the third time in the past four months and was the highest since January 2022. Construction companies often cited hopes of a sustained upturn in customer demand as well as more favourable economic and ...
- From pmi.spglobal.com|Feb 6, 2024
UK construction companies indicated a strong improvement in business activity expectations in January, with optimism reaching its highest level for two years. This was despite an ongoing decline in current output levels and a marginal fall in incoming new work. Survey respondents often cited hopes of a turnaround in client demand due to looser financial conditions and more favourable underlying economic prospects. The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes ...
- From pmi.spglobal.com|Jan 5, 2024
December data indicated another solid fall in UK construction activity, although the rate of decline eased to the slowest since the current phase of decline began last September. A sustained slump in house building was the main factor holding back construction output, which survey respondents linked to elevated interest rates and subdued confidence among clients. Improving supply conditions continued in December, with delivery times for construction items shortening for the tenth month in a row. Price discounting among suppliers ...
- From pmi.spglobal.com|Dec 6, 2023
UK construction companies indicated a decline in business activity for the third consecutive month during November, led by another sharp fall in residential building. Elevated borrowing costs and subdued demand for new housing projects were widely cited as factors holding back construction activity. Latest survey data pointed to the steepest reduction in purchasing costs across the construction sector for more than 14 years. This was linked to lower raw material prices, alongside greater competition among suppliers in response to ...
- From pmi.spglobal.com|Nov 6, 2023|3 comments
UK construction companies indicated that challenging business conditions persisted during October, with business activity falling for the second month running amid a lack of new work to replace completed projects. Fragile client confidence and elevated borrowing costs were often cited as reasons for weaker sales. Improving supply conditions and falling demand contributed to a renewed decline in purchasing prices. Moreover, the latest decline in input costs was the steepest since August 2009. Reduced workloads also led to a decline in ...
Released on Jun 6, 2024 |
---|
Released on May 7, 2024 |
---|
Released on Apr 5, 2024 |
---|
Released on Mar 6, 2024 |
---|
Released on Feb 6, 2024 |
---|
Released on Jan 5, 2024 |
---|
Released on Dec 6, 2023 |
---|
Released on Nov 6, 2023 |
---|
- Details