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 June 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.