S&P Global's UK construction PMI rose to 46.1 in September from 44.3 in August, above the 44.9 forecast but still below the 50 cutoff, signaling continued output contraction. The residential subindex improved yet remained in contraction, denting the

2026-10-06

S&P Global's UK construction PMI rose to 46.1 in September from 44.3 in August, above the 44.9 forecast but still below the 50 cutoff, signaling continued output contraction. The residential subindex improved yet remained in contraction, denting the Labor government's hopes for a housing-led recovery. Firms cited higher interest rates, rising inf and weak orders, and said uncertainty from the Middle East conflict was prompting delays to large projects decisions. The future activity expectations index fell to its lowest level since May.