Construction PMI

The UK economy appears to have reached a nadir in June, according to flash PMI data released on Tuesday that came in well ahead of analyst expectations.

The UK construction industry is likely to have stagnated during the first quarter, Pantheon Macroeconomics says, after the latest IHS Markit PMI showed activity among commercial bulilders and civil engineering firms stalling in March. 

The UK construction sector saw a soft start to the New Year, according to IHS Markit PMI data released Monday, with both current activity and new order growth slowing during the January month in a manner that could bode ill for other sectors of the economy. 

The UK construction industry made a solid start to the final quarter of the year, according to November's IHS Markit construction PMI, suggesting the sector is coping well with an increasing level of uncertainty over the path toward Brexit.

The Pound received an added tailwind of support Friday from IHS Markit PMI data that revealed activity in the U.K. construction industry picked up sharply during October. 

Sterling extended losses Tuesday after the latest IHS Markit survey showed the beleaguered U.K. construction industry returning to the doldrums in September, prompting some economists to suggest the sector could soon return to recession. 

Foreign exchange markets will be in full flow on Tuesday, September 04 as US and Canadian markets return from their Monday holiday, as do UK politicians.

The IHS Markit UK Construction PMI surprised on the upside for July on Thursday, appearing to confirm that a recovery is underway in one of the UK's most beleaguered economic sectors, although the data was overlooked by financial markets as an imminent interest rate announcement from the Bank of England keeps traders on the sidelines for the time being. 

The Pound crept higher against many of its developed world rivals Monday as markets rediscovered their appetite for risk and traders responded to a better than expected May IHS Markit construction PMI, which showed one of the UK's largest economic sectors continuing to recover from its first-quarter slump during the recent month. 

IHS Markit report their UK Construction PMI for March 2018 read at 47.0 down from 51.4 a month earlier, well below consensus forecasts from economists which anticipated a reading of 50.9.

Britain’s third largest economic sector, the construction industry, has been mired in recession for three consecutive quarters. Economists are looking for signs this downturn eased in February. 

Mid-week data out of the U.K. confirms the construction sector continues to grow, but the headline figure released by IHS Markit and the CIPS disappointed at expectations.

The cost being placed on employers in a labour-intensive construction industry show why populist political ideology threatens jobs.

September’s PMI surveys hit the market at the opening of a politics heavy week for Sterling, after the Conservative Party conference got under way at the weekend.

UK construction activity has slowed sharply amidst heightened uncertainty regarding the UK economy.

The second in the three-part series of Purchasing Managers Index releases is due out on Tuesday, July 4.

The UK’s construction sector saw activity levels surge in the month of May according to the most reliable report available on the matter.

The second major UK economic data release of April 2017 has confirmed the UK construction sector continues to grow close to long-term rates.

The UK construction sector continues to grow at a clip according to latest survey data from IHS Markit and the CIPS.

Services PMI data released on Monday November 5 caps the strong start to the month for UK Economy and ensures 2016 will end on a positive note.