The IHS Markit/CIPS UK Construction PMI rose to 66.3 in June 2021, signaling the strongest rate of output growth since June 1997 following the reopening of the UK economy. House building activity increased at the fastest pace since November 2003 and commercial work output rose the most since March 1998. In addition, civil engineering activity growth remained strong overall. Total new orders increased for a 13th consecutive month, although the latest expansion was slower than May's survey-record high, while the pace of job creation remained among the fastest seen over the past seven years and suppliers' delivery times lengthened to the greatest extent since the survey began. On the price front, purchasing prices rose at record pace on the back of severe shortages of construction products and materials. Looking ahead, business confidence eased to its lowest since January, in part reflecting concerns about labor availability and the sustainability of the recent surge in demand. source: Markit Economics
Construction PMI in the United Kingdom averaged 51.46 points from 2008 until 2021, 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 July of 2021.
Construction PMI in the United Kingdom is expected to be 54.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in the United Kingdom to stand at 54.20 in 12 months time. In the long-term, the United Kingdom Construction PMI is projected to trend around 54.50 points in 2022 and 52.90 points in 2023, according to our econometric models.