United Kingdom GBP

United Kingdom Construction PMI

Info

History

Chart

Impact:

Medium

Source: Markit Economics

Latest Release:

Date:

Big Surprise:

2.8

GBP

Actual:

59.1

Forecast: 56.3

Previous/Revision:

56.3

Period: Feb

What Does It Measure?

The United Kingdom Construction PMI (Purchasing Managers' Index) measures the economic health of the construction sector by assessing variables such as production, employment, and new orders. It focuses on the performance of construction businesses and provides key indicators, with readings above 50 indicating expansion and below 50 indicating contraction, making it a crucial national indicator.

Frequency

The Construction PMI is released monthly, with preliminary figures provided shortly after the end of each month, typically on the first business day of the following month.

Why Do Traders Care?

Traders closely watch the Construction PMI because it offers insights into the overall economic activity in the construction sector, influencing forecasts for growth and labor market conditions. High or improving PMIs can lead to bullish sentiment in currencies like the GBP and stocks related to construction firms, while lower readings may spark bearish reactions.

What Is It Derived From?

The index is derived from a survey of purchasing managers in the construction industry, where responses are given based on their business conditions and expectations. The data is collected through a diffusion index methodology, where values above 50 indicate growth and those below signify contraction, leading to a weighted calculation that reflects the overall activity of the sector.

Description

The Construction PMI reflects the health of the UK construction industry by evaluating factors such as construction activity, employment rates, and new orders placed. It serves as a leading indicator of economic performance, providing early signals about potential inflationary pressures and overall economic trajectory.

Additional Notes

The Construction PMI is considered a leading economic indicator, highlighting trends that may subsequently affect broader economic indicators like GDP growth and employment levels. Comparatively, it is often analyzed alongside other PMIs to gauge overall economic sentiment and can signal changes in consumer demand and investment spending patterns.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for GBP, Bullish for Stocks. Lower than expected: Bearish for GBP, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 04, 2022	59.1	56.3	56.3	2.8
Feb 04, 2022	56.3	54.3	54.3	2
Jan 07, 2022	54.3	54	55.5	0.3
Dec 06, 2021	55.5	54.2	54.6	1.3
Nov 04, 2021	54.6	52	52.6	2.6
Oct 06, 2021	52.6	54	55.2	-1.4
Sep 06, 2021	55.2	56.9	58.7	-1.7
Aug 05, 2021	58.7	64	66.3	-5.3
Jul 06, 2021	66.3	63.8	64.2	2.5
Jun 04, 2021	64.2	62.3	61.6	1.9
May 07, 2021	61.6	62.3	61.7	-0.7
Apr 08, 2021	61.7	54.6	53.3	7.1
Mar 04, 2021	53.3	51	49.2	2.3
Feb 04, 2021	49.2	52.9	54.6	-3.7
Jan 07, 2021	54.6	55	54.7	-0.4
Dec 04, 2020	54.7	52	53.1	2.7
Nov 05, 2020	53.1	55	56.8	-1.9
Oct 06, 2020	56.8	54	54.6	2.8
Sep 04, 2020	54.6	58.5	58.1	-3.9
Aug 06, 2020	58.1	57	55.3	1.1
Jul 06, 2020	55.3	47	28.9	8.3
Jun 04, 2020	28.9	29.7	8.2	-0.8
May 06, 2020	8.2	22.2	39.3	-14
Apr 06, 2020	39.3	44	52.6	-4.7
Mar 03, 2020	52.6	48.8	48.4	3.8
Feb 04, 2020	48.4	46.6	44.4	1.8
Jan 03, 2020	44.4	45.9	45.3	-1.5
Dec 03, 2019	45.3	44.5	44.2	0.8
Nov 04, 2019	44.2	44	43.3	0.2
Oct 02, 2019	43.3	45	45	-1.7
Sep 03, 2019	45	45.9	45.3	-0.9
Aug 02, 2019	45.3	46	43.1	-0.7
Jul 02, 2019	43.1	49.3	48.6	-6.2
Jun 04, 2019	48.6	50.5	50.5	-1.9
May 02, 2019	50.5	50.3	49.7	0.2
Apr 02, 2019	49.7	49.8	49.5	-0.1
Mar 04, 2019	49.5	50.3	50.6	-0.8
Feb 04, 2019	50.6	52.4	52.8	-1.8
Jan 03, 2019	52.8	52.9	53.4	-0.1
Dec 04, 2018	53.4	52.5	53.2	0.9
Nov 02, 2018	53.2	52	52.1	1.2
Oct 02, 2018	52.1	52.5	52.9	-0.4
Sep 04, 2018	52.9	55	55.8	-2.1
Aug 02, 2018	55.8	52.8	53.1	3
Jul 03, 2018	53.1	52.4	52.5	0.7
Jun 04, 2018	52.5	52	52.5	0.5
May 02, 2018	52.5	50.5	47	2
Apr 04, 2018	47	50.9	51.4	-3.9
Mar 02, 2018	51.4	50.7	50.2	0.7
Feb 02, 2018	50.2	52.8	52.2	-2.6
Jan 03, 2018	52.2	52.8	53.1	-0.6
Dec 04, 2017	53.1	51	50.8	2.1
Nov 02, 2017	50.8	48.1	48.1	2.7
Oct 03, 2017	48.1	51	51.1	-2.9
Sep 04, 2017	51.1	52	51.9	-0.9
Aug 02, 2017	51.9	54.5	54.8	-2.6
Jul 04, 2017	54.8	55	56	-0.2
Jun 02, 2017	56	52.7	53.1	3.3
May 03, 2017	53.1	52	52.2	1.1
Apr 04, 2017	52.2	52.4	52.5	-0.2
Mar 02, 2017	52.5	52.2	52.2	0.3
Feb 02, 2017	52.2	53.8	54.2	-1.6
Jan 04, 2017	54.2	52.9	52.8	1.3
Dec 02, 2016	52.8	52.2	52.6	0.6
Nov 02, 2016	52.6	51.8	52.3	0.8
Oct 04, 2016	52.3	49	49.2	3.3
Sep 02, 2016	49.2	46.1	45.9	3.1
Aug 02, 2016	45.9	43.8	46	2.1
Jul 04, 2016	46	50.5	51.2	-4.5
Jun 02, 2016	51.2	52	52	-0.8
May 04, 2016	52	54	54.2	-2
Apr 04, 2016	54.2	54	54.2	0.2
Mar 02, 2016	54.2	55.5	55	-1.3
Feb 02, 2016	55	57.5	57.8	-2.5
Jan 05, 2016	57.8	56	55.3	1.8
Dec 02, 2015	55.3	58.2	58.8	-2.9
Nov 03, 2015	58.8	58.8	59.9
Oct 02, 2015	59.9	57.5	57.3	2.4
Sep 02, 2015	57.3	57.5	57.1	-0.2
Aug 04, 2015	57.1	58.4	58.1	-1.3