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UK construction output continues to slide in April
Construction activity decreased for the fourth consecutive month as rising business uncertainty led to delayed decisionmaking on new projects. The latest survey indicated further declines in total order books and cutbacks to staffing numbers. Output growth projections nonetheless edged up to the highest since December 2024. At 46.6 in April, the headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – remained below the 50.0 no-change value, but was up slightly from 46.4 in March and signalled the slowest decline in ... (full story)
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