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S&P Global Market Intelligence details stabilization in UK construction sector

1 report, 1 independent Updated Oct 6
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

S&P Global Market Intelligence released its UK Construction Purchasing Managers’ Index (PMI) findings, noting the downturn was the least marked since January. Residential, commercial, and civil engineering segments showed slower rates of contraction. Tim Moore, Economics Director at S&P Global Market Intelligence, stated that the market has seen a degree of stabilization in these areas.

From mortgagesolutions.co.uk

Why it matters

Some supportBrind's analysis of the reports

Construction companies are facing headwinds due to geopolitical tensions, elevated borrowing costs, and softer order books. These factors are causing businesses to moderate expectations for future growth. Additionally, average cost burdens increased sharply in September, with fuel surcharges, higher freight costs, and rising raw material prices being common concerns.

From mortgagesolutions.co.uk

Who's involved

  • S&P Global Market IntelligenceBusiness unit of S&P Global that publishes the UK Construction PMI.
  • Tim MooreEconomics Director at S&P Global Market Intelligence, commenting on market trends.
  • S&P GlobalThe larger corporation of S&P Global Market Intelligence.

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