UK construction PMI falls to 50.2 in January

The latest report from Markit Economics, released this Friday showed that the construction sector activity in the UK economy eased further and dropped to a four-month low in January. 

The final Purchasing Managers' Index (PMI) in the UK retreated to 50.2 points, down from December’s 52.2 and worse than a reading of 52.0 anticipated.

Key Points:

   •  Residential building activity slips into decline
   •  Contraction in new business reported

Sam Teague, Economist at IHS Markit and author of the IHS Markit/CIPS Construction PMI® said: “January’s PMI data indicated a difficult start to 2018 for the UK’s construction sector, underlined by business activity growth slumping to a four-month low and new orders sliding back into decline.”