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Tag Archives: PMI

Construction inches upwards but stays close to low point

The construction sector saw a very slight increase in October from September, edging above market expectations. That’s according to the IHS Markit/CIPS UK Construction PMI which rose to 44.2 in October 2019 from 43.3 in the previous month. The latest reading remained close to the ten-year low seen in June, …

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Construction in sharpest decline since March 2018

A continuing increase in UK housebuilding was not enough to offset a decline in UK construction companies’ output during May, according to the latest monthly statistics from the  IHS Markit/CIPS UK Construction Total Activity Index. A renewed decline in total business activity during May included lower volumes of commercial work …

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Output stays low for second month in a row

The commercial new build sector is behind a continuing fall in construction output according to the latest monthly IHS Markit/cps index. Although the headline figure, at 49.7 was up fractionally from the 49.5 posted in February, it still falls below the crucial 50.0 no-change marker. Business activity dropped to its …

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UK construction gets July boost

The UK construction market was higher in July 2018 than in June, showing the fastest increase in residential work for just over two-and-a-half years. That’s according to the latest seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®). New business was up, which increased employment levels and confidence, and, …

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Light after the storm? The PMI remains unchanged

Latest PMI data signalled only a modest improvement in UK construction activity midway through the second quarter, with the pace of expansion matching that registered in April. Commercial activity growth accelerated to a three-month high in May; however, softer expansions in both residential and civil engineering activity were recorded. Furthermore, new order books contracted for the fourth time …

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