The S&P Global/CIPS UK Construction PMI fell to a four-month low of 56.4 in May of 2022 from 58.2 in the prior month, but still pointing to the 16th consecutive period of growth in the construction sector. The deceleration was marked by a loss of momentum in the residential building category, dragging housing activity to its weakest in two years. Commercial building eased to a lesser extent, remaining close to last month’s strong levels as constructors noted robust demand, despite hesitancy by clients amid the uncertain economic outlook. On the other hand, new work orders and job creation continued to expand, sustaining the increase for civil engineering activity. Still, cost inflation maintained its upward trend, with respondents citing increased prices for fuel, energy, and raw materials. Looking forward, business confidence was seen lower due to muted consumer confidence, rising borrowing costs, and heightened economic uncertainty. source: Markit Economics

Construction PMI in the United Kingdom averaged 51.78 points from 2008 until 2022, 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 2022.

Construction PMI in the United Kingdom is expected to be 56.20 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 52.90 points in 2023 and 53.70 points in 2024, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Construction PMI



Related Last Previous Unit Reference
Construction PMI 56.40 58.20 points May 2022

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
56.40 58.20 66.30 8.20 2008 - 2022 points Monthly
NSA

News Stream
UK Construction Growth Slows Further
The S&P Global/CIPS UK Construction PMI fell to a four-month low of 56.4 in May of 2022 from 58.2 in the prior month, but still pointing to the 16th consecutive period of growth in the construction sector. The deceleration was marked by a loss of momentum in the residential building category, dragging housing activity to its weakest in two years. Commercial building eased to a lesser extent, remaining close to last month’s strong levels as constructors noted robust demand, despite hesitancy by clients amid the uncertain economic outlook. On the other hand, new work orders and job creation continued to expand, sustaining the increase for civil engineering activity. Still, cost inflation maintained its upward trend, with respondents citing increased prices for fuel, energy, and raw materials. Looking forward, business confidence was seen lower due to muted consumer confidence, rising borrowing costs, and heightened economic uncertainty.
2022-06-08
UK Construction Growth Slows Slightly
The S&P Global/CIPS UK Construction PMI fell to a three-month low of 58.2 in April of 2022 from 59.1 in March, but still pointed to strong growth in the construction sector. New order volumes expanded the least in four months as escalating raw material prices and, in some cases, hesitancy due to higher borrowing costs and geopolitical uncertainty were reported as headwinds to demand. At the same time, supply chain delays were attributed to shortages of staff, materials and transport, exacerbated by delays at ports and the war in Ukraine. Average costs also increased sharply due to high energy, fuel and raw materials cost. On the other hand, job growth hit a three-month high. Meanwhile, growth projections eased to lowest since September 2020.
2022-05-06
UK Construction Activity Remains Strong
The S&P Global/CIPS UK Construction PMI was unchanged at 59.1 in March of 2022, the same as in February, and continuing to point to a strong growth in the construction sector, helped by the fastest increase in new work for seven months. Commercial work was the best-performing segment, with projects restarting amid the roll back of pandemic restrictions. On the other hand, the pace of job creation eased to its weakest so far this year amid ongoing difficulties filling vacancies and capacity constraints, a lack of haulage availability and ongoing logistics difficulties led to another sharp downturn in supplier performance. At the same time, imbalanced supply and demand, alongside escalating energy, fuel and commodity prices, resulted in the biggest rise in average cost burdens for six months. Also, business confidence was the lowest since October of 2020 amid escalating inflationary pressures and concerns about the economic impact of the war in Ukraine.
2022-04-06