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

U.S. New Home Sales Rebound In June, Annual Rate Exceeds Estimates (17 min(s), 13 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed new home sales in the U. ...Full Story»

UK Private Sector Activity Returns To Growth In July (40 min(s), 13 sec(s) ago)
(RTTNews) - The UK private sector expanded for the first time in three months in July amid a sligh ...Full Story»

Eurozone Private Sector Expands For First Time In 4 Months (36 min(s), 13 sec(s) ago)
(RTTNews) - Eurozone private sector expanded for the first time in four months in July on renewed ...Full Story»

German Private Sector Returns To Expansion Territory (22 min(s), 47 sec(s) ago)
(RTTNews) - Germany's private sector returned to expansion territory in July for the first tim ...Full Story»

French Private Sector Contracts Marginally (01 hr(s), 26 min(s), 47 sec(s) ago)
(RTTNews) - France's private sector contracted only marginally in July as the services economy ...Full Story»

Energy Prices Ease Spain's Producer Inflation In June (02 hr(s), 0 min(s),47 sec(s) ago)
(RTTNews) - Spain's producer price inflation moderated in June after hitting the highest since ...Full Story»

German Consumer Sentiment To Fall In August (02 hr(s), 07 min(s), 47 sec(s) ago)
(RTTNews) - German consumer confidence is set to weaken in August due to lower income expectations ...Full Story»

Czech Economic Sentiment Edges Higher In July (02 hr(s), 25 min(s), 47 sec(s) ago)
(RTTNews) - The Czech economy's confidence remained slightly more positive in July, while cons ...Full Story»