August 2020 construction PMI survey results - Revision history

Designing Buildings at 06:25, 28 September 2022

2022-09-28T06:25:14Z

← Older revision		Revision as of 06:25, 28 September 2022
Line 31:		Line 31:
	This optimism was linked to anticipated involvement in major infrastructure and public sector construction projects. However, this did not stop a decrease in staffing numbers. The rate of job losses slowed slightly compared to July 2020 but overall continued at the fastest pace over the past decade.		This optimism was linked to anticipated involvement in major infrastructure and public sector construction projects. However, this did not stop a decrease in staffing numbers. The rate of job losses slowed slightly compared to July 2020 but overall continued at the fastest pace over the past decade.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Business and Planning Bill 2019-21.		* Business and Planning Bill 2019-21.

Designing Buildings at 07:11, 7 September 2020

2020-09-07T07:11:47Z

Editor at 11:57, 4 September 2020

2020-09-04T11:57:15Z

← Older revision		Revision as of 11:57, 4 September 2020
Line 33:		Line 33:
	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

		+	* Business and Planning Bill 2019-21.
		+	* Construction market forecast 2015 to 2024.
	* Construction Purchasing Managers Index (PMI) survey results: May 2020.		* Construction Purchasing Managers Index (PMI) survey results: May 2020.
	* Coronavirus and the construction industry.		* Coronavirus and the construction industry.
		+	* New deal for infrastructure 2020.
		+	* Procurement route.
		+	* The future of the coronavirus furlough.

	= External resources =		= External resources =

Editor at 11:53, 4 September 2020

2020-09-04T11:53:21Z

← Older revision		Revision as of 11:53, 4 September 2020
Line 5:		Line 5:
	While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period.		While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period.

−	[[File:IHSAug2020Chart1.jpg]]	+	[[File:IHSAug2020Chart1.jpg\|link=File:IHSAug2020Chart1.jpg]]

	-----		-----
Line 34:		Line 34:

	* Construction Purchasing Managers Index (PMI) survey results: May 2020.		* Construction Purchasing Managers Index (PMI) survey results: May 2020.
		+	* Coronavirus and the construction industry.

	= External resources =		= External resources =

Editor at 11:40, 4 September 2020

2020-09-04T11:40:30Z

← Older revision		Revision as of 11:40, 4 September 2020
Line 1:		Line 1:
	= Introduction =		= Introduction =

−	Construction sector growth has slowed according to the IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.	+	Construction sector growth has slowed according to the [https://www.markiteconomics.com/Public/Home/PressRelease/85ddc5d6ae1d4f35a061ce4f5fa669da?hsid=09a9c212-a653-4450-9e8c-43ee49a9d91f IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020]. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.

−	While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period. These statistics measure a setback for the recovery in UK construction output, as improvements continue to slow in relation to the near five-year high tallied in July 2020. Some survey respondents indicate that a lack of new work to replace completed contracts has deterred business growth.	+	While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period.
		+
		+	[[File:IHSAug2020Chart1.jpg]]
		+
		+	-----
		+	These statistics measure a setback for the recovery in UK construction output, as improvements continue to slow in relation to the near five-year high tallied in July 2020. Some survey respondents indicate that a lack of new work to replace completed contracts has deterred business growth.

	All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to date from July 2020.		All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to date from July 2020.

−	[[File:IHSAug2020Chart2.jpg]]	+	[[File:IHSAug2020Chart2.jpg\|link=File:IHSAug2020Chart2.jpg]]

−	Source: IHS/Markit	+	Source: IHS Markit/CIPS.

	-----		-----
−	~~= House building remains the best performing category =~~	+	House building has registered the strongest rebound since work stoppages were triggered in March 2020 by the Covid-19 pandemic. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August 2020.
−		+
−	House building has registered the strongest rebound since work stoppages triggered by the Covid-19 pandemic. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August 2020.	+

	= Orders hold back output growth =		= Orders hold back output growth =
Line 33:		Line 36:

	= External resources =		= External resources =
		+
		+	* IHS Market/CIPS, [https://www.markiteconomics.com/Public/Home/PressRelease/85ddc5d6ae1d4f35a061ce4f5fa669da?hsid=09a9c212-a653-4450-9e8c-43ee49a9d91f Construction sector growth slows in August].

	[[Category:DCN_News]] [[Category:News]] [[Category:Publications_/_reports]]		[[Category:DCN_News]] [[Category:News]] [[Category:Publications_/_reports]]

Editor at 11:32, 4 September 2020

2020-09-04T11:32:12Z

← Older revision		Revision as of 11:32, 4 September 2020
Line 1:		Line 1:
−	Introduction	+	= Introduction =

	Construction sector growth has slowed according to the IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.		Construction sector growth has slowed according to the IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.
Line 7:		Line 7:
	All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to date from July 2020.		All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to date from July 2020.

−	~~House building remains the best performing category~~	+	[[File:IHSAug2020Chart2.jpg]]

−	House building has registered the strongest rebound since work stoppages triggered by the Covid-19 pandemic. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August.	+	Source: IHS/Markit

−	Orders hold back output growth	+	-----
		+	= House building remains the best performing category =
		+
		+	House building has registered the strongest rebound since work stoppages triggered by the Covid-19 pandemic. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August 2020.
		+
		+	= Orders hold back output growth =

	Total new business volumes increased for the third month running during August 2020, but the rate of expansion slowed from July 2020. Construction companies noted that economic uncertainty, especially from clients, has made it more challenging to secure new work. However, survey responses were varied, mirroring the multi-speed recovery experienced across different sectors of the UK economy.		Total new business volumes increased for the third month running during August 2020, but the rate of expansion slowed from July 2020. Construction companies noted that economic uncertainty, especially from clients, has made it more challenging to secure new work. However, survey responses were varied, mirroring the multi-speed recovery experienced across different sectors of the UK economy.
Line 28:		Line 33:

	= External resources =		= External resources =
		+
		+	[[Category:DCN_News]] [[Category:News]] [[Category:Publications_/_reports]]

Editor: Created page with "Introduction Construction sector growth has slowed according to the IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020. The headline seasonally adju..."

2020-09-04T11:27:38Z

Created page with "Introduction Construction sector growth has slowed according to the IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020. The headline seasonally adju..."

New page

Introduction

Construction sector growth has slowed according to the IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.

While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period. These statistics measure a setback for the recovery in UK construction output, as improvements continue to slow in relation to the near five-year high tallied in July 2020. Some survey respondents indicate that a lack of new work to replace completed contracts has deterred business growth.

All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to date from July 2020.

House building remains the best performing category

House building has registered the strongest rebound since work stoppages triggered by the Covid-19 pandemic. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August.

Orders hold back output growth

Total new business volumes increased for the third month running during August 2020, but the rate of expansion slowed from July 2020. Construction companies noted that economic uncertainty, especially from clients, has made it more challenging to secure new work. However, survey responses were varied, mirroring the multi-speed recovery experienced across different sectors of the UK economy.

Supply chain disruption persisted across the construction sector, which led to another sharp downturn in vendor performance. Stock shortages and an imbalance of supply and demand for construction inputs contributed to higher purchasing costs. The overall rate of input price inflation was the highest since April 2019.

= Business expectations boosted by potential infrastructure work =

Despite reporting subdued new business intakes since the start of the pandemic, construction companies reported an improvement in their business expectations for 2021. More than twice as many survey respondents (43%) expect a rise in construction output over the next 12 months as those that anticipate a fall (19%).

This optimism was linked to anticipated involvement in major infrastructure and public sector construction projects. However, this did not stop an additional decrease in staffing numbers. The rate of job losses slowed slightly compared to July 2020 but continued at the fastest pace over the past decade.

= Related articles on Designing Buildings Wiki =

* Construction Purchasing Managers Index (PMI) survey results: May 2020.

= External resources =

← Older revision		Revision as of 07:11, 7 September 2020
Line 1:		Line 1:
	= Introduction =		= Introduction =

−	Construction sector growth ~~has~~ slowed according to the [https://www.markiteconomics.com/Public/Home/PressRelease/85ddc5d6ae1d4f35a061ce4f5fa669da?hsid=09a9c212-a653-4450-9e8c-43ee49a9d91f IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020]. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.	+	Construction sector growth slowed according to the [https://www.markiteconomics.com/Public/Home/PressRelease/85ddc5d6ae1d4f35a061ce4f5fa669da?hsid=09a9c212-a653-4450-9e8c-43ee49a9d91f IHS Markit/CIPS construction purchasing managers’ index (PMI) for August 2020]. The headline seasonally adjusted IHS Markit/CIPS UK Construction Total Activity Index registered 54.6 in August 2020, down from 58.1 in July 2020. Figures above 50.0 indicate growth of total construction output.

	While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period.		While higher levels of activity have been recorded in each of the past three months, the latest expansion was the weakest over this period.
Line 8:		Line 8:

	-----		-----
−	These statistics ~~measure~~ a setback for the recovery in UK construction output, as improvements continue to slow in relation to the near five-year high ~~tallied~~ in July 2020. Some survey respondents indicate that a lack of new work to replace completed contracts has ~~deterred business~~ growth.	+	These statistics suggest a setback for the recovery in UK construction output, as improvements continue to slow in relation to the near five-year high in July 2020. Some survey respondents indicate that a lack of new work to replace completed contracts has halted growth.

−	All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to ~~date from~~ July 2020.	+	All three broad categories of construction - housing, commercial and civil engineering - registered declines in comparison to July 2020.

	[[File:IHSAug2020Chart2.jpg\|link=File:IHSAug2020Chart2.jpg]]		[[File:IHSAug2020Chart2.jpg\|link=File:IHSAug2020Chart2.jpg]]
Line 17:		Line 17:

	-----		-----
−	House building has registered the strongest rebound since work stoppages were triggered in March 2020 ~~by the Covid-19 pandemic~~. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August 2020.	+	House building has registered the strongest rebound since work stoppages were triggered in March 2020. This trend continued in August 2020, with the seasonally adjusted Housing Activity Index at 60.7. The figure for commercial work was 52.5; civil engineering activity was 46.6 in August 2020.

	= Orders hold back output growth =		= Orders hold back output growth =

−	Total new business volumes increased for the third month running during August 2020, but the rate of expansion slowed from July 2020. Construction companies noted that economic uncertainty, especially from clients, has made it more challenging to secure new work. However, survey responses were varied, mirroring the multi-speed recovery experienced across different sectors ~~of the UK economy~~.	+	Total new business volumes increased for the third month running during August 2020, but the rate of expansion slowed from July 2020. Construction companies noted that economic uncertainty, especially from clients, has made it more challenging to secure new work. However, survey responses were varied, mirroring the multi-speed recovery experienced across different sectors.

−	Supply chain disruption persisted across the ~~construction~~ sector, which led to ~~another~~ sharp downturn in vendor performance. Stock shortages and an imbalance of supply and demand ~~for construction inputs~~ contributed to higher purchasing costs. The overall rate of input price inflation was the highest since April 2019.	+	Supply chain disruption persisted across the sector, which led to a sharp downturn in vendor performance. Stock shortages and an imbalance of supply and demand contributed to higher purchasing costs. The overall rate of input price inflation was the highest since April 2019.

	= Business expectations boosted by potential infrastructure work =		= Business expectations boosted by potential infrastructure work =

−	Despite reporting subdued new business intakes since the start of the pandemic, construction companies reported an improvement in their business expectations for 2021. More than twice as many survey respondents (43%) expect a rise in construction output over the next 12 months as those that anticipate a fall (19%).	+	Despite reporting subdued new business intakes since the start of the pandemic, construction companies reported an improvement in their business expectations for 2021. More than twice as many survey respondents (43%) expect to see a rise in construction output over the next 12 months as those that anticipate a fall (19%).

−	This optimism was linked to anticipated involvement in major infrastructure and public sector construction projects. However, this did not stop ~~an additional~~ decrease in staffing numbers. The rate of job losses slowed slightly compared to July 2020 but continued at the fastest pace over the past decade.	+	This optimism was linked to anticipated involvement in major infrastructure and public sector construction projects. However, this did not stop a decrease in staffing numbers. The rate of job losses slowed slightly compared to July 2020 but overall continued at the fastest pace over the past decade.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =