FOREX TradingCharts.com

Financial News: UK Construction Sector Downturn Softens In May

UK Construction Sector Downturn Softens In May

06/05/2025 - 05:21:00 (RTTNews)

(RTTNews) - The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday.

The construction Purchasing Managers' Index posted 47.9 in May, up from 46.6 in April. The indicator suggested the slowest reduction in output volumes since January.

House building was the weakest-performing segment in May amid ongoing reports of subdued demand conditions. Civil engineering also contracted the most in five months. Meanwhile, commercial work dropped at the slowest pace since January.

The survey showed that new work dropped again in May but at the least marked pace in four months. Respondents attributed the fall to delayed decision-making among clients and cutback to capital spending budgets.

Further, firms were reluctant to backfill vacancies amid a lack of new work to replace completed projects and pressure on margins from rising payroll costs. Consequently, employment declined at the fastest pace since August 2020.

Firms reduced their purchasing activity in response to lower workloads. Input buying decreased for the sixth straight month. This resulted in fewer pressures on supplier capacity and a subsequent improvement in delivery times.

On price front, the survey showed that a strong rate of input price inflation continued in May. However, cost pressures continued to drift down from the 26-month high.

Business activity expectations for the year ahead edged up to the highest since December 2024. Positive projections were attributed to hopes of a turnaround in housing market conditions, greater infrastructure work, and the impact of lower borrowing costs on client demand.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Slovakia GDP Growth Eases As Estimated (03 hr(s), 55 min(s), 36 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story»

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply (04 hr(s), 40 min(s), 36 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story»

U.S. Job Growth Slightly Exceeds Estimates In May (05 hr(s), 27 min(s), 36 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

Austrian GDP Recovers Slightly Less Than Estimated (05 hr(s), 32 min(s), 36 sec(s) ago)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story»

U.S. Employment Jumps Slightly More Than Expected In May (06 hr(s), 35 min(s), 36 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

France Industrial Output Falls 1.4% (06 hr(s), 42 min(s), 36 sec(s) ago)
(RTTNews) - France's industrial production declined for the first time in three months in Apri ...Full Story»

French Trade Gap Widens In April (07 hr(s), 46 min(s), 36 sec(s) ago)
(RTTNews) - France's trade deficit increased in April as exports fell faster than imports, dat ...Full Story»

Russia Central Bank Cuts Rate By 100 Bps (08 hr(s), 25 min(s), 36 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Slovakia GDP Growth Eases As Estimated

06/06/2025 - 11:17 AM (RTTNews)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story>>

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply

06/06/2025 - 10:32 AM (RTTNews)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story>>

U.S. Job Growth Slightly Exceeds Estimates In May

06/06/2025 - 09:45 AM (RTTNews)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story>>

Austrian GDP Recovers Slightly Less Than Estimated

06/06/2025 - 09:40 AM (RTTNews)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story>>

U.S. Employment Jumps Slightly More Than Expected In May

06/06/2025 - 08:37 AM (RTTNews)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.