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.