Source: IHS Markit
The construction sector of the United Kingdom posted a decline in September, following issues on transport and supply constraints.
- The IHS Markit/CIPS UK Construction PMI stood at 52.6 in September, down from the 14-year high of 66.3 in June. This marks the weakest level in eight months.
- All three construction categories posted a decline in September, led by the drop in civil engineering, which stood at 51.0 in September versus 54.8 in August.
- House building decelerated to the lowest in 20 months since June 2020’s 52.8, with the commercial segment down to 53.6 even as it was the best-performing category.
- New work posted a moderate increase, with the pace easing to the weakest for the year due to hesitancy among clients and less favorable demand conditions.
- Employment posted growth mainly due to higher workloads and expanded business capacity, even as staffing levels were the least marked since April.