The UK construction sector contracted at the fastest pace since May 2020 as output decreased amid challenging market conditions, survey results from S&P Global showed on Thursday.
The construction Purchasing Managers' Index dropped to 39.4 in November from 44.1 in October. This was the lowest score since May 2020.
Housing activity, commercial construction and civil engineering all reported the fastest downturns in activity for five-and-a-half years. Respondents cited fragile market confidence, delays with the release of new projects and lack of incoming new work for the deterioration in activity.
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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.