Scottish Construction Now’s Post

👷Construction Industry Update👷   The construction sector is showing some interesting trends this summer... June’s S&P Global UK Construction PMI dipped to 52.2 from May's 54.7 yet stayed above the growth threshold for the fourth month. 📈 The commercial sector continues to be the main driver of expansion within the industry, despite a slight slowdown, while the house-building category was the only category to record a decline, where output fell solidly.   New contracts have fuelled order growth within the industry, but at a slower pace amid election-caused uncertainties in June and July. 🗳️ It’s an exciting time to observe how these dynamics play out, particularly with firms increasing staffing at the sharpest rate in ten months and maintaining steady purchasing. Overall, the outlook for construction remains positive with expectations of interest rate decreasing. Click below to read more👇   #Construction #UKjobs #Growth

UK Construction PMI®: 𝗧𝗼𝘁𝗮𝗹 𝗢𝘂𝘁𝗽𝘂𝘁 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝗥𝗶𝘀𝗲 𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝗥𝗲𝗻𝗲𝘄𝗲𝗱 𝗗𝗿𝗼𝗽 𝗶𝗻 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆 Key Findings: - Commercial category leads growth - Sharpest rise in employment for ten months - Inflationary pressures remain muted The UK #construction sector remained inside growth territory as the second quarter of the year drew to a close, although the overall expansion softened amid a renewed fall in #housing activity. A slower rise in new orders was also recorded, in some cases linked to election uncertainty, but the pace of job creation picked up. Meanwhile, the rate of input cost inflation quickened from May, but remained muted. The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – registered 52.2 in June, down from 54.7 in May. Remaining above the 50.0 no-change mark for the fourth consecutive month, the latest reading signalled a sustained improvement in overall construction activity in the UK, albeit with the pace of growth softening from the previous month. The main driver of growth continued to come from ..... (click link below to continue reading) https://lnkd.in/eDiCayZj

It’s good to see confidence returning to construction, with the headline S&P Global UK Construction Purchasing Managers’ Index (PMI) indicating a solid expansion of overall construction output, as reported on The Construction Index Ltd. #construction #constructionoutput #constructionindustry https://lnkd.in/eQuFbQWW

The UK construction sector returned to growth in March, ending a six-month period of decline, according to S&P Global’s UK construction purchasing managers’ index (PMI).

Growth accelerated in the UK construction sector in July seeing much faster increases in both activity and new orders during the month. In turn, firms ramped up purchasing activity and raised staffing levels for the third month running. Higher demand for inputs imparted some pressure on supply chains, and input costs increased at a faster pace. The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – rose sharply to 55.3 in July from 52.2 in June. The reading signalled a marked monthly expansion in total activity in the construction sector, extending the current sequence of growth to five months. The rate of expansion was the fastest since May 2022. All three categories of construction saw activity increase in July as work on housing projects returned to growth. Commercial activity increased solidly, but the fastest expansion was seen in civil engineering activity, where the rate of growth quickened to the sharpest in almost two-and-a-half years. According to respondents, success in securing new orders was the main factor leading to a rise in construction activity at the start of the third quarter. New business expanded for the sixth month running, and at a marked pace that was the strongest since April 2022. Alongside a general improvement in market demand, there were also reports that customer confidence had strengthened, making them more willing to release previously paused projects. Rising workloads led construction firms to expand both their purchasing activity and employment more quickly in July. Staffing levels were up for the third consecutive month, and at a solid pace that was the fastest for a year. Meanwhile, a strong rise in purchasing activity was the most Activity rises amid much faster increase in new orders. #construction #growth #pmi

🚧 Has the construction industry turned a corner? The S&P Global UK Construction PMI has now shown six consecutive months of growth, with data indicating that output is steadily gaining momentum. It's great to see firms reporting record profits and full order books, with confidence levels bouncing back stronger than they were in 2023. 💪 At Trigon, we're feeling confident and excited about the promising outlook ahead! 🌟 #ConstructionGrowth #PositiveOutlook #UKConstruction

According to the latest UK Construction PMI report from S&P Global, UK construction companies indicated a sustained rebound in total business activity in August although the pace of expansion eased slightly since July. Click or tap the following link for the full story, including comment from Tim Moore, Economics Director at S&P Global Market Intelligence which compiles the survey: https://lnkd.in/etG2eNY2 #ukconstruction #buildingmaterials #housebuilding

Construction sector on the up for first time in seven months, finds S&P Global 🏗️📈 Activity across the UK construction industry has finally seen fractional growth following a six-month period of decline, according to the latest S&P Global UK Construction PMI. This March, the sector saw the strongest boost to new orders since May 2023, with input price inflation at a three-month low. Companies have reported a turnaround in their sales pipelines and a greater volume of new business enquiries as the national economic outlook improves and financial conditions stabilise. However, most remain cautious about taking on staff, with employment numbers falling for the third month running – though job shedding has eased since the previous month. Continue reading... https://lnkd.in/egB5iz-e #construction #growth #economics #finance #businessnews #businessintelligence

UK construction activity rose last month at fastest pace in two years 🏗️📈 Activity in the UK construction sector rose at its fastest pace in two years last month (May), according to a new report. The headline S&P GLOBAL UK LIMITED Construction Purchasing Managers’ Index showed above the 50.0 no-change mark for the third month running in May to signal a sustained expansion in activity midway through the second quarter of the year. "Particularly pleasing was the broad-based nature of the rise in activity as work on housing projects increased for the first time in more than a year-and-a-half," noted Andrew Harker, economics director at S&P Global Market Intelligence. https://lnkd.in/eRJuk6qz #construction #finance #growth #success #businessnews #businessintelligence

May 2024 construction PMIs showed #UKconstruction sector growth gained momentum last month with rising workloads. S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) rose to 54.7 from 53.0 in April, showing the fastest increase in 2 years. All 3 monitored categories of #commercial, #residential and #civilengineering saw an increase for the first time since May 2022. #construction #economy