S&P Global / CIPS UK Construction PMI®, May 2023

The S&P Global / CIPS UK Construction Purchasing Managers' Index® (PMI®),which measures month-on-month changes in total industry activity and is seasonally adjusted, registered above the 50.0 no-change mark for the seventeenth month in a row. However, the figure was 52.6 in June, down from 56.4 in May. Housebuilding was the weakest performing area of construction activity for the fourth month running. An index reading of 49.3 signalled an overall downturn in residential work for the first time since May 2020. Suppliers' delivery times were longer once again in June. The most commonly cited reasons for longer wait times for construction products and materials were staff availability and transport issues.

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