UK construction PMI higher than expected in July

Market news

2 August 2018

UK construction PMI higher than expected in July

At 55.8 in July, up sharply from 53.1 in the previous month, the seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers' Index signalled the fastest rise in overall construction output since May 2017. Survey respondents commented on improving demand conditions, higher volumes of new project starts and, in some cases, a degree of catch-up from the bad weather earlier in 2018.

Eurozone: Producer Price Index (YoY), June 3.6% (forecast 3.5%)

United Kingdom: PMI Construction, July 55.8 (forecast 52.8)

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