Uk Construction Purchasing Managers’ Index

UK construction companies indicated a renewed increase in total industry activity during March, thereby ending a six-month period of decline.

February’s construction Purchasing Managers’ Index (PMI) of 49.7 came in ahead of expectations and was the highest for six months.

UK construction companies indicated a strong improvement in business activity expectations in January, with optimism reaching its highest level for two years despite anongoing decline in current output levels and a marginal fall in incoming new work.

Activity in the UK construction sector fell again in December, although the rate of decline eased to the slowest since the current phase of decline began last September.

UK construction companies have indicated a decline in business activity for the third consecutive month during November, led by another sharp fall in residential building.

Challenging business conditions within the UK construction sector persisted during October with business activity falling for the second month running amid a lack of new work to replace completed projects, according to new figures.

A reversal in fortunes for the UK construction sector has been revealed as total industry activity decreased for the first time in three months and at the fastest pace since May 2020, new data has revealed.

UK construction companies recorded a marginal increase in total business activity during August with growth in the commercial and civil engineering segments helping to offset a slump in house building.

Increased commercial building and civil engineering activity have driven the strongest rise in new UK construction orders since April 2022 but housebuilding fell at its steepest rate in three years, according to new figures.

The construction Purchasing Managers’ Index (PMI) picked up in April, adding to the positive signs from other indicators that the economy is turning a corner.

Housebuilding activity has dropped at its sharpest rate since May 2020 according to the latest data from the S&P Global / CIPS UK Construction PMI.

February’s construction Purchasing Managers’ Index (PMI) joined its services and manufacturing counterparts in signalling stronger activity in February following two months of decline.

UK construction companies reported another downturn in business activity during January, largely reflecting weaker client demand and fewer new projects starts in recent months.

The UK construction sector is now witnessing a contraction in activity that has affected other sectors after it ended a three-month sequence of growth in December. A similar trend was observed for new orders, which saw a renewed fall that was the strongest for over two-and-a-half years.

UK construction companies signalled a renewed slowdown in business activity growth during November, reflecting subdued demand and reduced risk appetite among clients, according to the UK Construction Purchasing Managers’ Index.