The S&P Global/CIPS UK Construction PMI rose to 53.2 in October of 2022 from 52.3 in the previous month, well above market expectations of 50.5 to signal the sharpest expansion in the sector since May. Business activity was carried by an increase in production, supported by large backlogs of unfinished work since new orders declined for the first time in 28 months. The expansion was led by commercial building reaching a five-month high, while residential work grew at a softer pace and civil engineering activity contracted for the fourth month. Still, construction firms were pessimistic about their growth expectations for the next year, citing political uncertainty and recession worries in the UK. 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 November of 2022.

Construction PMI in the United Kingdom is expected to be 50.50 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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Construction PMI



Related Last Previous Unit Reference
Construction PMI 53.20 52.30 points Oct 2022

United Kingdom Construction PMI
In the United Kingdom, the Markit / Chartered Institute of Purchasing and Supply Purchasing Managers Index measures the performance of the construction sector and is derived from a survey of 170 construction companies.
Actual Previous Highest Lowest Dates Unit Frequency
53.20 52.30 66.30 8.20 2008 - 2022 points Monthly
NSA

News Stream
UK Construction Activity Grows More than Expected
The S&P Global/CIPS UK Construction PMI rose to 53.2 in October of 2022 from 52.3 in the previous month, well above market expectations of 50.5 to signal the sharpest expansion in the sector since May. Business activity was carried by an increase in production, supported by large backlogs of unfinished work since new orders declined for the first time in 28 months. The expansion was led by commercial building reaching a five-month high, while residential work grew at a softer pace and civil engineering activity contracted for the fourth month. Still, construction firms were pessimistic about their growth expectations for the next year, citing political uncertainty and recession worries in the UK.
2022-11-04
UK Construction Activity Returns to Growth in September
The S&P Global/CIPS UK Construction PMI rose to 52.3 in September 2022 from 49.2 in the previous month, easily beating market expectations of 48.0 and signaling a modest overall increase in construction output. House building growth hit a five-month high, while commercial work increased only marginally and civil engineering activity fell for a third consecutive month. Meanwhile, new business volumes were broadly unchanged overall, which represented the worst month for new orders for almost two-and-a-half years.
2022-10-06
United Kingdom Construction Output Falls Again
The S&P Global/CIPS UK Construction PMI edged higher to 49.2 in August of 2022 from 48.9 in July, compared to market forecasts of 48. The reading pointed to a second consecutive month of falling construction output, as customer demand moved closer to stagnation amid cost pressures and economic uncertainty. Concerns about wider economic prospects led to a drop in business confidence and slower job creation, while firms' purchasing activity declined. Falling buying activity did alleviate some pressure on supply chains, with lead times lengthening to the least extent in two-and-a-half years, while inflationary pressures also showed signs of waning.
2022-09-06