There was a sharp and accelerated reduction in construction industry business activity during October, according to the seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index™ (PMI®). At 43.6, down from 46.1 in September, the headline index registered below the neutral 50.0 value for the twenty-second month running. In addition, …
Read More »Construction output falls amid drop in housing activity, PMI reveals
The seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index (PMI) has indicated a sustained downturn in business activity across the UK construction sector, led by weakness in the residential building segment. The index, which tracks changes in total industry activity, registered 44.3 in August, down from 44.7 in July …
Read More »Six year low for UK construction output, says S&P PMI
There was a further steep decline in UK construction output in May, according to the S&P Global UK Construction Purchasing Managers’ Index™ (PMI®), released today (June 4) which fell at the fastest pace for six years. At the same time, higher energy, fuel and transportation costs led to the fastest …
Read More »Construction output falls at fastest pace for over five years
The UK construction sector saw its sharpest decline in more than five years in October, thanks to weakening order books, political uncertainty, and client caution. The latest data from the S&P Global UK Construction Purchasing Managers’ Index™ showed that total construction output contracted at the fastest rate since May 2020, …
Read More »UK construction decline slows up
The downturn in the UK construction sector showed signs of easing in May, according to the latest S&P Global UK Construction Purchasing Managers’ Index™ (PMI®). Output and new orders both fell at the slowest pace since January, while growth projections for the year ahead improved again. Employment remained weak, with …
Read More »UK construction output slides further in April
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 »PMI for March shows sustained downturn
The sharpest pace of job losses since October 2020, drops in new orders and lower volumes of construction output for three consecutive months took the headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) to 46.4 in March. Although this was up from a 57-month low of 44.6 in February, …
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 …
Read More »Construction PMI dips but industry remains optimistic
House building is still the weakest-performing part of the construction sector, which saw business activity expanding at the slowest pace since last June, while new order growth slowed-up for the third month running. That’s according to the latest S&P Construction Purchasing Manager’s Index (PMI), released today (January 7). The headline …
Read More »Best laid plans
You can never plan the future by the past Depending on your point of view, you can get media validation for whatever you believe if you look hard enough and choose the right paper/website/radio show. A quick type of the sentence “Rayner planning reform December 2024” into the search string …
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