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UK construction activity extends longest run of falls since 2020
- Britain's construction sector has contracted for the eighth consecutive month, marking its longest downturn since early 2020, according to S&P Global Market Intelligence.
- The purchasing managers' index for the sector was 45.5 in August, above July's 44.3 but still below the neutral threshold of 50, indicating ongoing contraction.
- Optimism among building firms fell to its lowest since December 2022 due to business uncertainty and concerns about the wider UK economy, reported by S&P Global Market Intelligence.
- Tim Moore from S&P Global Market Intelligence noted that August data signalled only a partial easing in the speed of decline after output fell at the fastest pace for over five years in July.
18 Articles
18 Articles
Evening Standard
Construction sector suffers longest downturn for over five years – report
The latest S&P Global UK construction purchasing managers’ index showed another steep drop in output in August, although the rate of decline eased.
UK construction activity extends longest run of falls since 2020
By David Milliken LONDON (Reuters) -Activity in Britain’s construction sector slowed for the eighth month in a row in August, extending its longest downturn since 2020 as optimism in the sector weakened, purchasing managers’ data showed on Thursday. The S&P Global Purchasing Managers’ Index for Britain’s construction sector rose in August to 45.5 from July’s five-year low of 44.3. But it remained well below the 50-mark that divides growth from c…
Sustained downturn in UK construction output reported
S&P Global PMI survey data pointed to a decline in total industry activity for the eighth successive month, led by marked reductions in the housing and civil engineering segments. At the same time, business activity projections for the year ahead were the least upbeat since December 2022. The headline S&P Global UK Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index tracking changes in total industry activity – registered…
S&P Global reports “sustained downturn in UK construction output” in August - Professional Builders Merchant
The latest S&P Global UK Construction PMI survey data pointed to a decline in total industry activity for the eighth successive month, led by marked reductions in the housing and civil engineering segments. The post S&P Global reports “sustained downturn in UK construction output” in August appeared first on Professional Builders Merchant.
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