Tin tức thị trường
04.07.2024

UK’s construction activity growth slows more than anticipated in June - S&P Global/CIPS

The report from S&P Global and Chartered Institute of Procurement & Supply (CIPS) revealed Thursday that the pace of growth of the companies’ activity in the UK’s construction sector decelerted in June.

According to the report, the Markit/CIPS Purchasing Managers' Index (PMI) for the UK’s construction sector fell to 52.2 in June from an unrevised 54.7 in May. This latest reading indicated that construction activity in the UK continued to expand for the fourth consecutive month in June, albeit at a weaker pace than in the previous two months.

Economists had expected the indicator to drop to 53.6. The 50 mark divides contraction and expansion.

According to the report, new orders increased for the fifth consecutive month amid successful tendering and a rise in client activity, though at the slowest pace since February with some respondents linking this to election uncertainty. Despite the softer growth in new orders, construction firms responded to greater workloads by employing more staff for the second month running. As a result, the rate of job rose to the highest level since August 2023. Construction companies also expanded their use of sub-contractors at a solid pace as well as increased their purchasing activity for the second month running. On the price front, input costs went up only slightly again in June as some suppliers capped price increases, aiming to secure new business. The rate of inflation inched up amid rising costs for some raw materials, but remained well below the series average. Meanwhile, sub-contractor rates also moved up modestly, and at the weakest pace in four months.

Xem thêm