The IHS Markit/CIPS UK Construction PMI stood at 61.6 in April 2021, little-changed from the previous month's six-and-a-half year peak of 61.7 and below market expectations of 62.3. Still, the latest reading signaled a strong pace of expansion in the construction sector, with commercial work, civil engineering and house building all growing at solid rates. Total new work increased for the 11th consecutive month and at the fastest rate for just over six-and-a-half years, while the pace of job creation was the steepest since December 2015. Input buying expanded at the fastest pace since September 2014, while the latest lengthening of suppliers' delivery times was the third-greatest since the survey began in 1997. On the price front, input cost inflation jumped to an all-time high. Looking ahead, construction companies remained highly upbeat about their growth prospects in April. source: Markit Economics
Construction PMI in the United Kingdom averaged 51.29 points from 2008 until 2021, reaching an all time high of 64.60 points in January of 2014 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 May of 2021.
Construction PMI in the United Kingdom is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in the United Kingdom to stand at 54.00 in 12 months time. In the long-term, the United Kingdom Construction PMI is projected to trend around 54.50 points in 2022 and 52.90 points in 2023, according to our econometric models.