S&P Global Construction PMI

The PMI Construction released by the Chartered Institute of Purchasing & Supply and Markit Economics shows business conditions in the UK construction sector. It is worth noting that the construction sector does not influence, either positively or negatively, the GDP as much as the Manufacturing sector does A result that values above 50 signals appreciates (or is bullish for) the GBP, whereas a result that values below 50 is seen as negative (or bearish).

Most recent - Thursday 5 December 2024 09:30

Previous
54.3
Forecast
53.4
Actual
55.2

Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Next event - Tuesday 7 January 2025 09:30

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for S&P Global Construction PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Construction PMI was 55.2 against a forecast of 53.4.

Past events

Date
Forecast
Actual
Thursday 5 December 2024 09:30
53.4
55.2
Wednesday 6 November 2024 09:30
56
54.3
Friday 4 October 2024 08:30
53.1
57.2
Thursday 5 September 2024 08:30
54.9
53.6
Tuesday 6 August 2024 08:30
52.7
55.3
Thursday 4 July 2024 08:30
53.6
52.2
Thursday 6 June 2024 08:30
52.5
54.7
Tuesday 7 May 2024 08:30
50.4
53
Friday 5 April 2024 08:30
50
50.2
Wednesday 6 March 2024 09:30
49
49.7
Tuesday 6 February 2024 09:30
47.3
48.8
Friday 5 January 2024 09:30
46
46.8
Wednesday 6 December 2023 09:30
46.3
45.5
Monday 6 November 2023 09:30
44.5
45.6
Thursday 5 October 2023 08:30
49.9
45
Wednesday 6 September 2023 08:30
50.7
50.8
Friday 4 August 2023 08:30
48
51.7
Thursday 6 July 2023 08:30
50.9
48.9
Tuesday 6 June 2023 08:30
51.1
51.6
Friday 5 May 2023 08:30
51
51.1
Thursday 6 April 2023 08:30
53.5
50.7
Monday 6 March 2023 09:30
48.5
54.6
Monday 6 February 2023 09:30
49.5
48.4
Friday 6 January 2023 09:30
49.6
48.8
Tuesday 6 December 2022 09:30
52
50.4
Friday 4 November 2022 09:30
50.5
53.2
Thursday 6 October 2022 08:30
48
52.3
Tuesday 6 September 2022 08:30
48
49.2
Thursday 4 August 2022 08:30
52
48.9
Wednesday 6 July 2022 08:30
55
52.6
Wednesday 8 June 2022 08:30
56.6
56.4
Friday 6 May 2022 08:30
58
58.2
Wednesday 6 April 2022 08:30
57.8
59.1
Friday 4 March 2022 09:30
56.3
59.1
Friday 4 February 2022 09:30
54.3
56.3
Friday 7 January 2022 09:30
54
54.3

Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global Construction PMI result:

PreviousLatest
Gross Domestic Product (QoQ)Bearish change0.4%0%
Gross Domestic Product (YoY)Bearish change1%0.9%
Retail Sales (MoM)Bullish change-0.7%0.2%
Retail Sales (YoY)Bearish change2%0.5%
Retail Sales ex-Fuel (MoM)Bullish change-0.9%0.3%
Retail Sales ex-Fuel (YoY)Bearish change1.6%0.1%
BoE MPC Vote Rate CutBullish change83
BoE MPC Vote Rate Hike(no change)00
Consumer Price Index (MoM)Bearish change0.6%0.1%
Consumer Price Index (YoY)Bullish change2.3%2.6%
Core Consumer Price Index (YoY)Bullish change3.3%3.5%
PPI Core Output (MoM) n.s.aBearish change0.2%0%
PPI Core Output (YoY) n.s.a (no change)1.6%1.6%
Producer Price Index - Output (MoM) n.s.aBullish change-0.1%0.3%
Producer Price Index - Output (YoY) n.s.aBullish change-0.9%-0.6%
Retail Price Index (MoM)Bearish change0.5%0.1%
Retail Price Index (YoY)Bullish change3.4%3.6%
Average Earnings Excluding Bonus (3Mo/Yr)Bullish change4.9%5.2%
Average Earnings Including Bonus (3Mo/Yr)Bullish change4.4%5.2%
Claimant Count ChangeBearish change-10.9K0.3K
Claimant Count Rate(no change)4.6%4.6%
Employment Change (3M)Bearish change253K173K
ILO Unemployment Rate (3M)(no change)4.3%4.3%
S&P Global/CIPS Composite PMI(no change)50.550.5
S&P Global/CIPS Manufacturing PMIBearish change4847.3
S&P Global/CIPS Services PMIBullish change50.851.4
Consumer Inflation ExpectationsBullish change2.7%3%
Gross Domestic Product (MoM)(no change)-0.1%-0.1%
Industrial Production (MoM)Bearish change-0.5%-0.6%
Manufacturing Production (MoM)Bullish change-1%-0.6%
GfK Consumer ConfidenceBullish change-18-17

About S&P Global Construction PMI

Country:United Kingdom
Currency:GBP
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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