The IHS Markit/CIPS UK Construction PMI dropped to 55.2 in August 2021, from 58.7 in the previous month and below market expectations of 56.9. The latest reading pointed to the softest pace of expansion in the sector since February as restricted supply of materials and transport began to weigh on overall activity. Commercial work was the best performing broad category of construction output in August, even as growth eased to a six-month low, followed by housebuilding and civil engineering. Total new work rose the least since March, while the pace of job creation slowed to a four-month low as additional cost burdens and a lack of skilled workers began to weigh on the rate of hiring. On the price front, input cost inflation accelerated to the second-fastest rate in the 24-year history of the survey. Looking ahead, construction companies remained highly upbeat about their growth prospects over the coming 12 months. source: Markit Economics
Construction PMI in the United Kingdom averaged 51.53 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 September 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. 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.