UK Construction PMI fell to 48.1 in September

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Tuesday, Oct 03 2017

UK Construction PMI fell to 48.1 in September

September data revealed a difficult month for the UK construction sector, as a sustained drop in new work led to the first reduction in overall business activity since August 2016. Survey respondents attributed the drop in workloads to fragile confidence and subdued risk appetite among clients, especially in the commercial building sector.

The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) registered 48.1 in September, down from 51.1 in August and below the crucial 50.0 no-change threshold for the first time in 13 months. The latest reading signalled the fastest decline in overall construction output since July 2016.

More in this category: « Number of unemployed in Spain increased by 27,858 people Spanish Services PMI rose to 56.7 »

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