UK construction activity growth slows in October - Breaking The News

UK construction activity growth slows in October

6 November

1 min read

EPA-EFE/ANDY RAIN

The construction sector in the United Kingdom continued growing in October, although at a slower pace than in September, according to an S&P Global report on Wednesday. The construction Purchasing Managers’ Index (PMI) declined from 57.2 in September to 54.3 in October. New work kept rising across the sector, pushing employment to a three-month high. Cost burdens decreased since September, with companies reporting a better balance between supply and demand for construction inputs.

"The construction sector signaled another month of solid output growth in October, despite being unable to match the highs seen in September. Business activity expansion was once again led by civil engineering work. Survey respondents widely commented on strong demand for renewable energy infrastructure projects," S&P Global Market Intelligence Economics Director Tim Moore said.

data pmi

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