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UK construction slides again, pulled down by weak housebuilding, PMI shows
Surveyed firms cited subdued demand and fewer new projects as housebuilding activity fell sharply, while construction output declined for a third month.
- On Friday, the S&P Global UK Construction Purchasing Managers' Index fell to 44.3 in August from 44.7 in July, marking the 20th consecutive month of contraction.
- Housebuilding activity deteriorated sharply, driving the overall decline despite minor improvements in the commercial and civil engineering sectors.
- Tim Moore, economics director at S&P Global Market Intelligence, cited "sluggish demand conditions and low client confidence" as primary factors, with higher energy prices and elevated interest rates further weighing on demand.
- Weakness in the housebuilding sector underscores the challenge facing Prime Minister Andy Burnham, who intends to ramp up social housing supply amid persistent uncertainty over planning reforms.
- In contrast, the broader UK all-sector PMI—which combines manufacturing, services, and construction data—rose to a six-month high of 51.8 in August, illustrating divergence between construction and the wider economy.
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UK construction slides again, pulled down by weak housebuilding, PMI shows
·London, United Kingdom
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UK Construction Slump Deepens as Housebuilding Falls
London, 4 September (Brussels Morning Newspaper) – Britain’s construction sector contracted for a 20th consecutive month in August as a sharp deterioration in housebuilding outweighed modest improvements elsewhere in the industry. The latest UK construction PMI fell to …
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Total News Sources11
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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