The UK construction sector expanded for the third consecutive month in November, but there was a renewed slowdown in growth amid subdued demand and reduced risk appetite among clients, while rising interest rates and worries over the economic outlook hurt confidence, adding to signs that the economy is in recession.
At 50.4, the construction Purchasing Managers' Index was down from 53.2 in October, signaling the weakest performance since August, survey data from the Chartered Institute of Procurement & Supply, or CIPS, and S&P Global showed Tuesday. However, a reading above 50.0 indicates expansion. Within the three segments of construction, only commercial work reported an increase in business activity. Meanwhile, civil engineering activity declined for the fifth consecutive month as there was a lack of new work to replace completed projects.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.