UK Construction Activity Drops More than Anticipated

AI Summary

UK construction activity weakened more than expected in August, with the S&P Global UK Construction PMI falling to 44.3. This drop reflects reduced demand and fewer new residential construction projects amid heightened geopolitical risks from the Middle East.

The S&P Global UK Construction PMI eased to 44.3 in August of 2026 from 44.7 in the previous month, missing expectations of 45.5. Survey respondents noted fresh weakness in demand conditions from clients that caused a drop in new projects, especially in residential construction starts, amid lower risk sentiment as the war in the Middle ...