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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.