US EditionUK construction firms shed most jobs since August 2020, PMI shows
- The UK construction sector experienced a slower decline in output and new orders in May 2025, with the headline PMI at 47.9 signaling easing contraction.
- This easing followed earlier sharp cutbacks driven by subdued demand, elevated borrowing costs, and weak order books since January 2025.
- Housebuilding remained the weakest sector with a PMI of 45.1, civil engineering continued to contract for the fifth consecutive month at 45.9, and commercial activity declined slightly to 49.5.
- Employment dropped at the fastest pace since August 2020 due to subdued demand and rising wages, despite 39% of surveyors forecasting output growth in the year ahead.
- The data suggest cautious optimism as infrastructure investment and lower borrowing costs may improve demand, though economic uncertainty continues to weigh on the sector.
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Construction firms cut jobs at fastest rate since 2020 despite signs of recovery
The latest S&P Global construction purchasing managers’ index (PMI) showed a reading of 47.9 last month, improving from 46.6 in April.
·London, United Kingdom
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Construction jobs cut at their fastest pace in five years - London Business News
In May the construction sector declined for the fifth consecutive month as many firms report a downturn in easing. The sector recorded their fastest job cut since 2020 amid continued… The post Construction jobs cut at their fastest pace in five years appeared first on London Business News
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