Markit/CIPS United Kingdom Construction Purchasing Managers Index (PMI)

Country:
United Kingdom
GBP, Pound sterling
Source:
Sector:
Business
Medium 55.3 18.5
28.9
Last release Importance Actual Forecast
Previous
42.1
55.3
Next release Actual Forecast
Previous
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UK Markit/CIPS Construction PMI is published by Markit together with the Chartered Institute of Procurement & Supply. The indicator shows the activity level of the construction sector purchasing managers.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. Purchasing managers are among the first to notice such changes. The sample for the survey is chosen so as to cover the maximum possible number of large companies across the country.

PMI calculation is based on data collected from monthly replies to questionnaires sent to purchasing executives in over 170 UK construction companies that provide the highest contribution to GDP. Managers are asked to characterize current business and economic conditions in the national construction sector. The questionnaire covers the following economic variables:

  • General business activity
  • House construction activity
  • Commercial construction activity
  • Civil engineering activity
  • New orders
  • Employment
  • Quantity of purchases
  • Suppliers' delivery times
  • Input prices
  • Work with sub-contractors (activity, availability, rates, quality)
  • Near-term future output

The survey participants provide relative estimates: whether figures have increased, decreased or remain unchanged. The index is seasonally adjusted. Individual weights are given to polled companies. Readings above 50 indicate that most of respondents positively characterize current business conditions. Readings below 50 mean worsening of business conditions.

PMI is one of the most popular indexes closely watched by analysts. It provides operational information covering the entire construction sector. It is interpreted as a leading indicator of construction sector activity and inflation. Construction PMI growth is an indication of favorable market conditions and can be seen as positive for the pound sterling growth.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit/CIPS United Kingdom Construction Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2020
55.3
18.5
28.9
May 2020
28.9
23.6
8.2
Apr 2020
8.2
45.8
39.3
Mar 2020
39.3
50.5
52.6
Feb 2020
52.6
46.3
48.4
Jan 2020
48.4
44.7
44.4
Dec 2019
44.4
44.7
45.3
Nov 2019
45.3
43.6
44.2
Oct 2019
44.2
44
43.3
Sep 2019
43.3
45
45
Aug 2019
45
44.1
45.3
Jul 2019
45.3
45.7
43.1
Jun 2019
43.1
49.5
48.6
May 2019
48.6
50
50.5
Apr 2019
50.5
49.5
49.7
Mar 2019
49.7
50
49.5
Feb 2019
49.5
51.6
50.6
Jan 2019
50.6
53.1
52.8
Dec 2018
52.8
53.3
53.4
Nov 2018
53.4
52.6
53.2
Oct 2018
53.2
52.4
52.1
Sep 2018
52.1
54.3
52.9
Aug 2018
52.9
54.4
55.8
Jul 2018
55.8
51.7
53.1
Jun 2018
53.1
51
52.5
May 2018
52.5
49.7
52.5
Apr 2018
52.5
49.1
47
Mar 2018
47
50.7
51.4
Feb 2018
51.4
51.1
50.2
Jan 2018
50.2
52.6
52.2
Dec 2017
52.2
51.9
53.1
Nov 2017
53.1
49.4
50.8
Oct 2017
50.8
49.5
48.1
Sep 2017
48.1
51.4
51.1
Aug 2017
51.1
53.3
51.9
Jul 2017
51.9
55.4
54.8
Jun 2017
54.8
56
May 2017
56
53.1
Apr 2017
53.1
52.2
Mar 2017
52.2
52.5
Feb 2017
52.5
52.2
Jan 2017
52.2
54.2
Dec 2016
54.2
52.8
Nov 2016
52.8
52.6
Oct 2016
52.6
52.3
Sep 2016
52.3
49.2
Aug 2016
49.2
45.9
Jul 2016
45.9
46
Jun 2016
46
51.2
May 2016
51.2
52

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