UK construction companies recorded further sharp declines in output and new orders during June. However, both rates of contraction eased from May's six-year records. Cost pressures moderated in June and supply chain disruptions were notably less acute than in April and May. The seasonally adjusted S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – an index tracking changes in total industry activity – registered 38.4 in June, up slightly from May's six-year low of 38.2 but still well below the neutral 50.0 value. Construction output has decreased in each month since January 2025 and the latest fall was ... (full story)