UK June construction PMI 48.9 vs 51.0 expected

  • Latest data released by S&P Global - 6 July 2023
UK PMI
  • Prior 51.6

That's a notable miss as UK construction activity moves back into contraction territory towards the end of Q2. A steep and accelerated decline in house building weighed on the sector, with residential work falling at its fastest pace in just over three years. This comes despite price pressures were seen declining further.

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