Financial News: UK Construction Continues To Log Sharp Contraction

UK Construction Continues To Log Sharp Contraction

07/06/2026 - 05:32:00 (RTTNews)

(RTTNews) - The construction sector logged a sharp contraction in June, survey results from S&P Global showed Monday.

The construction Purchasing Managers' Index registered 38.4 in June, up from May's six-year low of 38.2.

The index remained below the neutral 50.0 mark signaling contraction. Output shrank in each month since January 2025 and the latest fall was the second-fastest since the start of the pandemic.

Commercial activity was the best-performing segment which reported a slower downturn than in the previous month. Meanwhile, housing activity dropped at the sharpest pace in 2026 to date and civil engineering activity declined to the greatest extent since April 2020.

There was another sharp decrease in total new work but the speed of the downturn was the slowest since March. Cutbacks to employment numbers continued across the sector.

Further, pressure on supply chain alleviated due to the softening of demand conditions. Supplier performance deteriorated to the least marked extent since March.

Average cost burdens increased sharply in June with the index signaling the slowest pace of inflation in three months. Business sentiment improved markedly from a six-month low seen in May. However, confidence remained much weaker than the long-run survey average.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Hungary Industrial Output Shrinks In May; Retail Sales Growth Improves (08 min(s), 48 sec(s) ago)
(RTTNews) - Hungary's industrial production declined for the first time in three months in May ...Full Story»

UK Construction Continues To Log Sharp Contraction (01 hr(s), 14 min(s), 48 sec(s) ago)
(RTTNews) - The construction sector logged a sharp contraction in June, survey results from S& ...Full Story»

Swiss Jobless Rate Falls To 2.9% In June (01 hr(s), 58 min(s), 48 sec(s) ago)
(RTTNews) - Switzerland's unemployment rate decreased slightly in June after remaining stable ...Full Story»

Romania Retail Sales Decline Eases In May (02 hr(s), 19 min(s), 48 sec(s) ago)
(RTTNews) - Romania's retail sales declined for the tenth straight month in May, though the pa ...Full Story»

Estonia Industrial Output Falls 3.0% In May (02 hr(s), 37 min(s), 48 sec(s) ago)
(RTTNews) - Estonia's industrial production declined for the fourth straight month in May, dat ...Full Story»

Downturn In German Construction Sector Eases (02 hr(s), 50 min(s), 48 sec(s) ago)
(RTTNews) - Germany's construction sector continued to contract in June albeit at a slower pac ...Full Story»

Singapore Retail Sales Growth Eases To 3.0% (03 hr(s), 22 min(s), 48 sec(s) ago)
(RTTNews) - Singapore's retail sales expanded for the fourth straight month in May, data from ...Full Story»

German Factory Orders Recover In May (03 hr(s), 58 min(s), 48 sec(s) ago)
(RTTNews) - Germany's factory orders rebounded at a stronger-than-expected pace in May, data f ...Full Story»