Construction Output Decline Slows in July
S&P Global said confidence improved as firms reported a turnaround in client demand and slower job cuts, even as activity stayed below 50.
- The UK construction PMI rose to 44.7 in July, up from 38.4 in June, according to the latest Survey. Any reading below the 50.0 threshold indicates the industry is contracting.
- Slumping activity has affected all subsectors, with conditions worsening since the start of the US-Israeli conflict with Iran. The industry has recorded monthly declines every month since January 2025.
- Tim Moore, economics director at Global Market Intelligence, said the industry "has started to stabilise after a sharp downturn." Input price inflation eased, though Firms continued reporting higher costs.
- Confidence among construction Firms improved last month, with Some reporting a recent revival in opportunities for new work including commercial development and transport infrastructure.
- Business activity levels continued declining across all three main categories, though the rate of contraction slowed considerably from June. Firms also continued job-cutting but at a reduced pace.
13 Articles
13 Articles
Construction output decline slows in July
Output levels in UK construction fell again in July, but at their slowest rate in four months, according to the latest Purchase Managers’ Index (PMI) from S&P Global. PMI output for July came in at 44.7 in July, up from 38.4 in June, reaching its… The post Construction output decline slows in July appeared first on Construction News.
Housebuilding downturn eases as construction activity improves
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UK Construction PMI Beats Forecasts In July, But Sector Still In Contraction
BitcoinWorld UK Construction PMI Beats Forecasts in July, But Sector Still in Contraction The United Kingdom’s construction sector showed a smaller-than-expected decline in July, as the S&P Global Construction Purchasing Managers’ Index (PMI) came in at 44.7, above the forecast of 41.5. Despite the better-than-anticipated reading, the figure remains below the 50.0 threshold that separates contraction from expansion, indicating that the industry…
“Business activity expectations most upbeat for five months” in latest S&P Global UK Construction PMI
Output levels fell again in the UK construction sector but at the slowest pace since March, contributing to a “sustained rebound in business activity expectations for the year ahead.” The post “Business activity expectations most upbeat for five months” in latest S&P Global UK Construction PMI appeared first on Professional Builders Merchant.
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