Construction activity falls at fastest rate since 2020 as housebuilding drops off

By Carl Brown2023-02-06T11:28:00

House building orders declined sharply in January, purchasing managers index shows

Construction activity has fallen at its fastest rate since the first Covid lockdown.

The latest S&P Global / CIPS UK Construction PMI figures published today show total construction orders fell for the third successive month in January.

Total activity fell from 48.8 to 48.4 month-on-month. It is the steepest rate of contraction since May 2020, when a score of 28.9 was registered. Any score below 50 in the index indicates a decline in activity.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community