Breaking News

U.K. Construction Purchasing Managers Index (PMI)

Latest Release

Apr 05, 2024

Actual

50.2

Forecast

49.8

49.7

The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager's Index (PMI) is a diffusion index incorporating survey results provided by construction firms throughout the country. A reading above fifty suggests the construction sector is expanding, while a reading below fifty suggests the construction sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.

Importance:

Country:

Currency: GBP

Source: Markit/CIPS

Release Date	Time	Actual	Forecast	Previous
Apr 05, 2024 (Mar)	09:30	50.2	49.8	49.7
Mar 06, 2024 (Feb)	10:30	49.7	49.0	48.8
Feb 06, 2024 (Jan)	10:30	48.8	47.2	46.8
Jan 05, 2024	10:30	46.8	46.0	45.5
Dec 06, 2023 (Nov)	10:30	45.5	46.3	45.6
Nov 06, 2023 (Oct)	10:30	45.6	46.0	45.0

News

Construction industry grows for first time in seven months By Proactive Investors - Apr 05, 2024

Proactive Investors - Britain's construction industry has shifted from contraction to growth for the first time in seven months. The S&P Global UK Construction PMI lifted from 49.7 in February to...

FTSE 100 climbs, Spring Budget income tax cut back in question By Proactive Investors - Mar 06, 2024 1

Proactive Investors - Lead index up 27 points to 7,673. Hunt prepares Spring Budget. Construction sector sees better February. Spring Budget income tax cut back on the cards Chancellor Jeremy Hunt...

UK house building activity declines at slower rate in Feb, PMI survey shows By Reuters - Mar 06, 2024 1

LONDON (Reuters) - British house building activity declined last month at the slowest pace since late 2022, with rising demand for housing projects pointing to a recovery in the property sector,...

Analysis

Newsquawk Week Ahead: US NFP, ISMs, EZ & Swiss CPI, Minutes from ECB & RBA By Ryan Anderson - Mar 28, 2024

Week Ahead 1-5th April MON: BoJ Tankan Survey (Q1), South Korea Prelim Trade Balance (Mar), Chinese Caixin Manufacturing PMI Final (Mar), US ISM Manufacturing PMI (Mar), US S&P Global...

Week Ahead: Highlights include US jobs report; China CPI; RBA, BoC By Ryan Anderson - Dec 03, 2023

MON: Rabobank Minutes (Dec); German Trade Balance (Oct), Swiss CPI (Nov), EZ Sen tix (Dec), US Factory Orders (Oct), Japanese CPI (Nov), Australian Final PMIs (Nov). TUE: RBA Policy Announcement;...

Newsquawk Week Ahead: Highlights include RBA, BoC, US Services PMI and China Trade By Ryan Anderson - Sep 01, 2023

Week Ahead 4th-8th September MON: US & Canadian Labour Day; German Trade (Jul), Swiss GDP (Q2), EZ Sentix (Sep) TUE: RBA Policy Announcement; Final Composite & Services PMIs (Aug), EZ Producer...

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All Comments (1)

John Benton Mar 02, 2018 11:40

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This site has become relentlessly negative in all the articles written about UK news. In contrast virtually no articles appear about the positive statistics which appear. I realise this site may be rabidly pro EU but lets have some integrity and balance, because even if the German economy fell off a cliff the article here would claim it was only a very temporary blip.

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Jon John Mar 02, 2018 11:40

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Dont rely on any articles but rely on data fact , in terms progress UK is stronger than Europe by all means as per data .

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