Construction Update

Project starts fall but small spots of hope indicate green shoots of recovery are there
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Project starts fall but small spots of hope indicate green shoots of recovery are there

The S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) edged higher to 49.2 in August of 2022 from 48.9 in July but marked the second consecutive month of falling activity as high prices continued to weigh on demand.

Urie Michael Gtmi

By Michael Urie

Value of construction starts edges higher in the three months to May 2022
2206 Construction Update 15th June Web Banner

Value of construction starts edges higher in the three months to May 2022

Data shows the value of construction starts edged marginally higher in the three months to May 2022 compared to the previous rolling quarter (to April 2022). The underlying value of project starts rose by 1.2% in May compared to the previous three-month period, from £5.04bn to £5.1bn.