UK construction activity shrinks at fastest pace since 2020, PMI shows

UK construction output declines at fastest rate since pandemic, survey finds

Worries about the Iran war as well as political uncertainty in the UK were weighing on demand for building work last month.

UK construction sector downturn deepens as activity hits six-year low

UK construction activity deteriorated sharply in May, with output falling at the fastest pace in six years as weakening demand and rising costs weighed on the sector, survey results showed on...

Construction Sector Activity Falls at Fastest Pace in Six Years

British construction output fell at its fastest pace in six years in May, according to new statistics. Spades far from the ground… The headline S&P PMI dropped to 38.2 from 39.7 in April, the seventeenth straight month below the neutral 50 mark, indicating shrinkage. Outside the pandemic, this is the steepest contraction since March 2009.…

UK construction activity shrinks at fastest pace since 2020, PMI shows

Activity in Britain's construction sector slowed at the sharpest pace in six years last month as economic uncertainty and rising inflation triggered by the Iran ​war led to a steep fall in new work, a survey showed ‌on Thursday.

Construction hit by sharpest fall in work since first Covid lockdown

Construction activity has dropped at its sharpest pace since the first Covid lockdown, research has revealed. S&P Global’s UK Construction Purchasing Managers’ Index posted a score of 38.2 in May, where 50 represents no change from the prior period. This represented a 17th successive month… The post Construction hit by sharpest fall in work since first Covid lockdown appeared first on Construction News.

Construction activity falls at fastest pace since May 2020 – S&P

Construction activity has fallen at its fastest pace for six years as rising economic uncertainty weighs down on the sector.