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 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.
The UK construction sector gained momentum during October with total industry activity rising at the fastest pace since May, according to the S&P Global / CIPS UKConstruction Purchasing Managers’ Index (PMI), but new orders fell for first time since May 2020. The headline seasona
UK construction companies signalled a modest increase in business activity during September however the sector’s ability to continue growing still faces many challenges. Unlike the other sectoral surveys, September’s S&P Global / CIPS UK Construction Purchasing Managers’ Index
UK construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook for the inflation-hit economy, a survey of purchasing managers showed today. The S&P Global / CIPS UK Construction PMI was at 49.2 in August, up fractionally from
UK construction companies signalled another loss of momentum in June as total business activity expanded at the weakest pace for nine months and new orders increased to the smallest extent since last October.