UK Markit/CIPS Construction PMI is published by MarkitEconomics together with the Chartered Institute of Procurement & Supply. The indicator shows the activity level of the construction sector purchasing managers.
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 answer general questions about business and economic conditions in the national construction sector.
The index value above 50 indicates expansion in the industry; a value below indicates decline.
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.