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Actual | Forecast | Previous | Revised Form | |
| 44.5 | 46.1 | 45.9 | N/A | ||
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For June
The CIPS/Markit UK construction PMI unexpectedly declined to 44.5 in June from 45.9 in May, indicating contraction in UK construction-sector activity for sixteen months, according to data from Markit Economics and the Chartered Institute of Purchasing and Supply. |
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| 10/2 | 11/4 | 12/2 | 1/5 | 2/3 | 3/3 | 4/2 | 5/5 | 6/2 | 7/2 | ||
| Actual | 38.8 | 35.1 | 31.8 | 29.3 | 34.5 | 27.8 | 30.9 | 38.1 | 45.9 | 44.5 | |
| Forecast | 39.0 | 37.7 | 33.8 | 30.5 | 28.8 | 34.2 | 27.6 | 31.9 | 39.1 | 46.1 | |
| Previous | 40.5 | 38.8 | 35.1 | 31.8 | 29.3 | 34.5 | 27.8 | 30.9 | 38.1 | 45.9 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 45.9 | 39.1 | 38.1 | N/A | ||
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For May
The UK construction PMI rose to its highest level in 13 months in May, jumping to 45.9 following a 38.1 reading in April. A reading below 50 means that the sector is still contracting however. The housing market in the UK is seeing some tentative positive signs as housing prices seem to be bottoming and mortgage approvals rose to the highest level in a year in April. |
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Actual | Forecast | Previous | Revised Form | |
| 38.1 | 31.9 | 30.9 | N/A | ||
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For April
Provided by: Chartered Institute of Purchasing and Supply (CIPS) (sub. req'd) |
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Actual | Forecast | Previous | Revised Form | |
| 30.9 | 27.6 | 27.8 | N/A | ||
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For March
Provided by: Chartered Institute of Purchasing and Supply (CIPS) (sub. req'd) |
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Actual | Forecast | Previous | Revised Form | |
| 27.8 | 34.2 | 34.5 | N/A | ||
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For Febraury
Provided by: Chartered Institute of Purchasing and Supply (CIPS) (sub. req'd) |
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Actual | Forecast | Previous | Revised Form | |
| 34.5 | 28.8 | 29.3 | N/A | ||
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For January
Provided by: Chartered Institute of Purchasing and Supply (CIPS) (sub. req'd) |
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Actual | Forecast | Previous | Revised Form | |
| 29.3 | 30.5 | 31.8 | N/A | ||
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For December
In the UK, the construction PMI fell to 29.3, reflecting a deepening of the contraction in that sector. With the housing market reeling in the UK, the construction industry has gone into hibernation. |
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Actual | Forecast | Previous | Revised Form | |
| 31.8 | 33.8 | 35.1 | N/A | ||
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For November
The construction PMI, like everything else in the UK, saw another slide in November, falling to 31.8 from 35.1 in October. It's the lowest level for this index since its inception in 1997. UK construction accounts for 6% of the UK economy, but can be an important indicator for the housing market. Homebuilders are battling the biggest slump in their industry in 25 years after credit markets froze up and potential home buyers found it harder to secure mortgage lending. Lending numbers have not picked up despite efforts by the Bank of England to get credit pumping again. The Monetary Policy Committee is expected to lower rates by 100 basis points on Thursday in their latest attempt to lower borrowing costs. |
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Actual | Forecast | Previous | Revised Form | |
| 35.1 | 37.7 | 38.8 | N/A | ||
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For October
After seeing 5 straight months of contraction numbers, UK's October construction PMI slipped to 35.1 to the lowest point since the series began in 1997. Job losses are very pronounced in the construction industry as the credit crunch slams the commercial property. |
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Actual | Forecast | Previous | Revised Form | |
| 38.8 | 39.0 | 40.5 | N/A | ||
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For September
The UK construction sector shrank at a faster pace than in August than in September, and slightly faster than the mean forecast as well. |
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