The S&P Global/CIPS UK Construction PMI fell to 52.6 in June of 2022 from 56.4 in May, pointing to the slowest growth in construction activity since September last year, with house building being the weakest-performing area. New orders rose the least since October while employment increased robustly. Suppliers' delivery times lengthened again, but the downturn in performance remained less marked. Staff shortages and a lack of transport availability were the most commonly cited reasons for longer wait times for construction products and materials. Meanwhile, cost inflation was slightly faster than in May, albeit still below a record high seen in June 2021. Higher prices paid mostly reflected rising energy, fuel and transportation costs. Finally, business expectations for the year ahead fell to the lowest since July 2020, reflecting worries about the near-term economic outlook. 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 54.90 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.