06-08-2025
UK Builders Suffer Biggest Downturn Since Pandemic, PMI Shows
UK construction firms suffered the sharpest plunge in output in over five years after a fresh slump in housebuilding, according to a closely watched survey.
S&P Global's construction purchasing managers' index dropped from 48.8 in June to 44.3 last month, the lowest since May 2020 when the sector was reeling from the first Covid lockdown. It was much worse than the steady reading expected by economists and well below the 50 threshold separating growth and contraction.
