Rising business uncertainty led UK construction activity to decrease for the fourth consecutive month, according to the latest S&P Global UK Construction Purchasing Managers’ Index™ (PMI®), which showed further declines in total order books and cutbacks to staffing numbers. At 46.6 in April, activity remained below the 50.0 no-change value, …
Read More »Construction activity flops in February
There was a steep decline in both housing and civil engineering activity during February, according to the latest S&P Global UK Construction Purchasing Managers’ Index™. It was the fastest downturn in construction output since May 2020, with cost inflation accelerating to the highest since March 2023. Total industry activity registered …
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