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UK Construction Activity Surges in July 2024 - The latest S&P Global UK Construction PMI data shows a marked acceleration in growth as we entered the second half of 2024: • Construction activity expanded at the fastest pace in 26 months (PMI at 55.3) • New orders increased at the sharpest rate since April 2022  • All three sectors (housing, commercial, civil engineering) saw growth • Employment rose for the third straight month • Input cost inflation picked up, though remains below historical averages Key takeaway: The construction sector appears to be rebounding strongly, with improved customer confidence leading to the release of previously paused projects. This momentum could provide a boost to the wider UK economy in the coming months. What are your thoughts on these latest construction figures? Do you see this growth trend continuing? #UKConstruction #EconomicIndicators #PMIData

The continued optimism in S&P’s Index survey is heartening. However, it is in slight contrast to the data that we’ve seen in our planning process data for July. Contract awards, planning approvals and planning applications are all down at least 20% from this same period last year (Barbour ABI). Hopefully the customer confidence that S&P reference continues to climb and we see a spike in approvals and awards in the coming weeks!

UK construction activity grows at fastest pace for more than a year PMI reading strengthens as expectations of economic rebound and rate cuts boost demand https://buff.ly/4bylgFp #goodnews #construction #constructionnews

UK construction activity grows at fastest pace for more than a year PMI reading strengthens as expectations of economic rebound and rate cuts boost demand https://buff.ly/4bylgFp #goodnews #construction #constructionnews

📊 Latest UK Construction PMI: A Mixed Bag? 🏗️ June's construction PMI came in at 52.2, below the expected 53.6 and down from May's 54.7. While overall activity is still expanding, we're seeing a bit of a cool-off. The breakdown: Housing activity: Downturn 🏠📉 Commercial activity: Sharp expansion 🏢📈 Civil engineering: Modest rise 🌉📈 Interestingly, the slowdown in new orders is partly attributed to election uncertainty. But there's good news too - confidence remains strong, and employment is up. Question for you all: Are you seeing similar trends in your company or sector? Has election uncertainty affected your operations or planning? Let me know your thoughts in the comments! 👇 #UKConstruction #ConstructionPMI #IndustryTrends #EconomicIndicators https://bit.ly/4byyr8Q

Great news for the construction sector! According to the latest S&P Global UK Construction Purchase Manager's Index (PMI), construction activity has grown for the sixth consecutive month. This positive trend reflects a renewed sense of optimism within the industry. Key Highlights: 📢Residential and Civil Engineering Lead the Way: These sectors have experienced significant growth, indicating strong demand and investor confidence. 📢Commercial Activity Remains Robust: Despite a slight slowdown, commercial construction continues to show positive growth. 📢Government Policies Impacting the Sector: The upcoming Budget and the review of capital programs may influence future trends. 📢Challenges Ahead: Labor shortages and potential government spending cuts could pose challenges for the industry. 📢 Positive Outlook: Despite challenges, the overall outlook for the construction sector remains optimistic, driven by increased housing starts and a growing pipeline of projects, including green energy initiatives. At Owens Builders, we're excited to contribute to this positive momentum. We're committed to delivering high-quality projects, meeting the growing demand for construction services, and supporting the industry's continued recovery. Let's build a stronger and more prosperous construction sector together! #constructionindustry #economicgrowth #owensbuilders #buildingtogether

UK Construction Sector Maintains Solid Growth in August 2024 The latest S&P Global UK Construction PMI data shows continued expansion, though at a slightly slower pace than in July: - PMI at 53.6, indicating solid growth for the 6th consecutive month - Commercial activity remains the strongest segment (index at 53.7) - Housing activity accelerated to the fastest pace since September 2022 (52.7) - New orders increased robustly, supported by improving economic conditions - 50% of firms anticipate rising output over the next year The construction sector is showing resilience, with housing activity picking up steam. Lower borrowing costs and improved market conditions are supporting the residential segment, while commercial work benefits from rising sales enquiries post-election. What's your view on these latest figures? Do you see this growth trend continuing in the construction sector? #UKConstruction #EconomicIndicators #PMIData

📊 Construction Growth Continues in October! 📊 The latest PMI report shows another strong month for the UK construction sector, with growth driven by rising demand in civil engineering and residential projects. It’s fantastic to see this positive trend, demonstrating the sector’s resilience and adaptability in the face of ongoing challenges. With public infrastructure projects and housing developments playing a key role, this momentum highlights the importance of continued investment and skilled labour to support long-term growth. As we look ahead, it’s clear that the construction industry will remain a vital force in the UK’s economic landscape. Exciting times ahead for all involved! 🏗️💼 #ConstructionGrowth #UKEconomy #Infrastructure #ConstructionIndustry #PMI

📈 UK Construction Activity on the Rise: A Promising Start to Q3! The UK construction sector has kicked off the third quarter with a notable increase in activity. This growth is being driven by new project launches and heightened demand across various sectors, including residential and commercial construction. Despite ongoing economic challenges, the resilience and adaptability of the industry continue to shine through. For those of us in the building materials and construction industry, this is an encouraging sign. It’s a testament to the strength of our sector and our critical role in driving economic recovery and growth. Let’s keep this momentum going! What trends are you seeing in your region? How is your business adapting to these changes? #Construction #BuildingMaterials #EconomicGrowth #UKConstruction #IndustryTrends #Q3Growth #ProjectManagement #BusinessRecovery #Infrastructure #ConstructionGrowth #RealEstate #UrbanDevelopment #ConstructionInnovation #SustainableBuilding #ConstructionTech #PropertyDevelopment #Contractors #Builders #Engineering #ConstructionIndustry #UKEconomy #MarketTrends #ConstructionUpdate #SupplyChain #BuildingIndustry #ConstructionProjects #ProjectSuccess #GrowthOpportunities #Checkproof Read more: https://lnkd.in/d7tHCVt4