The S&P Global/CIPS UK Construction PMI posted 48.9 in July 2022, down from 52.6 in June and below the 50.0 no-change threshold for the first time since January 2021. Although only marginal, the rate of decline was the fastest since May 2020. Lower volumes of residential work and civil engineering activity more than offset a sustained expansion in the commercial segment. A strong rate of jobs growth nonetheless continued as construction companies sought to boost capacity and meet increased order intakes. Meanwhile, improvements in the availability of some materials meant that supplier delays were the least widespread since February 2020. Looking ahead, business optimism remained subdued with growth expectations well below those seen in the opening months of 2022. That said, the degree of positive sentiment picked up slightly from June's 23-month low. source: Markit Economics

Construction PMI in the United Kingdom averaged 51.76 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 August 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.

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United Kingdom Construction PMI



Related Last Previous Unit Reference
Construction PMI 48.90 52.60 points Jul 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
48.90 52.60 66.30 8.20 2008 - 2022 points Monthly
NSA

News Stream
UK Construction Activity Shrinks for 1st Time in 1-1/2 Years
The S&P Global/CIPS UK Construction PMI posted 48.9 in July 2022, down from 52.6 in June and below the 50.0 no-change threshold for the first time since January 2021. Although only marginal, the rate of decline was the fastest since May 2020. Lower volumes of residential work and civil engineering activity more than offset a sustained expansion in the commercial segment. A strong rate of jobs growth nonetheless continued as construction companies sought to boost capacity and meet increased order intakes. Meanwhile, improvements in the availability of some materials meant that supplier delays were the least widespread since February 2020. Looking ahead, business optimism remained subdued with growth expectations well below those seen in the opening months of 2022. That said, the degree of positive sentiment picked up slightly from June's 23-month low.
2022-08-04
UK Construction Activity Continues to Slow
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.
2022-07-06
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