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UK Construction Slows to 55.2 in September

October 6, 2021 by Forex Winner Leave a Comment

UK Construction Slows to 55.2 in September

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.

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