UK Construction PMI - June 2018

UK Construction PMI - June 2018

The UK Construction PMI increased to 53.1 in June from 52.5 in May and remaining above the 50 no-change mark for a third month.

The UK construction PMI rose to 53.1 in June, from 52.5 in May, with residential work continuing as the strongest performing area. Commercial building also contributed to the rise, although there was only a marginal increase in civil engineering activity. There was stronger client demand in June, which contributed to increases in employment and purchasing activity, although some of the latter was also to mitigate expected future price rises. Input price inflation accelerated further in June, with increases in costs for transportation and metals (especially steel). Low stocks and capacity constraints for suppliers also led to increased lead times. Optimism saw a slight rebound in June, with businesses looking to future infrastructure work, although the overall levels remain subdued compared with the long run rates.

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