UK Construction PMI improves but remains in contraction territory
1 report, 1 independent
Updated Oct 6
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What happened
The S&P Global Market Intelligence UK construction PMI for September was 46.1, an improvement from 44.3 in August. While the industry remains in contraction territory, having declined since January 2025, the pace of decline was the slowest in eight months. The stabilization was attributed to improvements across all parts of the sector, though new orders were described as relatively subdued.
From lbc.co.uk
Why it matters
The indicator shows that while the construction sector is not yet expanding, the rate of contraction is slowing down. This suggests a potential stabilization in the industry, though challenges remain, particularly in house building due to rising borrowing costs.
From lbc.co.uk
Who's involved
- S&P Global Market IntelligencePublished the Purchasing Managers' Index for the UK construction industry
- S&P GlobalParent corporation of S&P Global Market Intelligence
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The entities involved
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S&P Global Market Intelligence
business unit of S&P Global