UK construction companies experienced another sharp downturn in business activity and incoming new work at the end of 2025. However, both rates of contraction eased from the five-anda-half year records seen in November. Job shedding also moderated since the previous survey period, helped by an improvement in business activity expectations to the highest since July. The seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a headline index tracking changes in total industry activity – registered 40.1 in December, up from 39.4 in November but below the neutral 50.0 value for the ... (full story)