Construction industry shrinks further as business uncertainty grows

Construction industry shrinks further as business uncertainty grows

The latest S&P Global construction purchasing managers’ index showed a reading of 46.6 for last month, improving slightly from 46.4 in March.

Construction Sector Shrinks as Credit Falls to Ksh.528 B

Kenya’s construction industry shrank to an all-time low of 0.7 percent in 2024, a reversal from the 3.0 percent growth in 2023 amid economic slowdown. Loans advanced to the construction sector by commercial banks fell sharply to Ksh.528 billion in 2024, compared to Ksh.602.7 billion the previous year. This credit squeeze, alongside rising input costs, … The post Construction Sector Shrinks to an All-Time Low of 0.7% to Ksh.528 Billion first appe…

Construction News: Market Braces as Recession Fears Loom

The Construction MMI (Monthly Metals Index) moved sideways month-over-month, dropping by 2.72%. In the wake of fresh federal policy moves this spring, construction news reports indicate that the industry is navigating a sudden spike in material costs. Over the past month, new government tariffs and trade measures have caused significant price fluctuations in critical inputs […]

Construction industry 'not expected to recover' in 2025, Lords says

Lords, one of the UK's largest building materials suppliers, said it was continuing to focus on delivering efficiencies to deal with cost pressures and "an increasingly onerous regulatory environment" after it reported a downturn in demand

Construction sector dips by 0.7 pc in 2024 from 3pc growth as cement use fall

The construction sector, one of the backbones of the country’s economic growth, registered a significant decline in 2024, shrinking by 0.7 per cent down from 3 per cent growth in 2023.  Indicators in the sector suggested a slowdown in key activities in construction, affecting both public and private projects.    Data from the 2025 Economic […]

UK construction slowdown continues amid client caution and economic headwinds - Business Link Magazine

The UK construction sector contracted for the fourth consecutive month in April, with firms facing persistent economic uncertainty and reduced client demand. According to the latest S&P Global UK Construction Purchasing Managers’ Index (PMI), the industry recorded a score of 46.6 in April, marginally higher than March’s 46.4 but still below the 50 mark that […]