Construction Activity in July Falls at Steepest Rate Since Covid

Construction activity in July falls at steepest rate since Covid

Construction activity in the UK dropped at the fastest rate in more than five years in July following a fresh housebuilding slump.

Construction Activity Falls at Fastest Rate in Five Years

Construction activity in the UK has fallen by the most in more than five years. No-one tell Angela... S&P Global's monthly purchasing managers' index

Construction sector faces significant downturn as demand weakens - East Midlands Business Link

The UK construction industry experienced its sharpest contraction in over five years during July, marking a continued decline across all major sectors. The S&P Global UK construction purchasing managers’ index (PMI) dropped to 44.3 from 48.8 in June, signalling a significant slowdown in activity. Any reading below 50 indicates a contraction in the sector. The […]

UK construction activity slumps to lowest level since Covid amid housing slowdown – Your Capital Minds

UK construction activity declined at its sharpest rate since the early months of the Covid pandemic in July, driven by a collapse in housebuilding, according to new data from S&P Global Market Intelligence. The latest UK construction purchasing managers’ index (PMI) fell to 44.3 in July from 48.8 in June — the lowest reading since May 2020, when the first national lockdown brought much of the industry to a standstill. A reading below 50.0 indica…

UK construction activity slumps to lowest level since Covid amid housing slowdown

UK construction activity declined at its sharpest rate since the early months of the Covid pandemic in July, driven by a collapse in housebuilding, according to new data from S&P Global Market Intelligence. The latest UK construction purchasing managers’ index (PMI) fell to 44.3 in July from 48.8 in June — the lowest reading since May 2020, when the first national lockdown brought much of the industry to a standstill. A reading below 50.0 indica…

Five-year slump in construction activity is a wakeup call, says FMB

The steepest fall in construction activity since May 2020 is a serious a wakeup call that government announcements on construction have yet to be delivered, says the Federation of Master Builders (FMB) in response to July’s S&P Global UK Construction PMI data. Underlying data highlighted marked decreases in volumes of work carried out across all three monitored sub-sectors, but a considerable drag came from a fresh drop in residential building. …