Uk Construction Purchasing Managers’ Index

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Solid rates of expansion in the commercial and civil engineering sectors have helped continue business activity growth for construction across the UK, according to the S&P Global UK Construction Purchasing Managers’ Index (PMI).

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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

1-15 of 98 Articles
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