Branch2 Intelligence
British builders suffer 18th month of decline in the face of higher costs and subdued demand
Key takeaway
UK construction PMI at 38.4 in July, 18th consecutive month of contraction.
- Step 11st-order: UK construction PMI falls to 38.4, 18th consecutive contraction.
- Step 22nd-order: Builders face higher input costs (materials, labour) and subdued demand, squeezing margins.
- Step 33rd-order: SME builders defer investment, reduce headcount, and face cash flow strain; suppliers see order cancellations.
Source: This is Money
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