UK Construction Sector Faces Severe Slowdown
Update: 2025-12-05
Description
The UK construction industry faces its most significant slowdown since COVID-19, with output in November shrinking at the fastest rate since the pandemic began. This decline is due to fewer building projects and job cuts, largely because of budget uncertainties. The monthly purchasing managers index (PMI) dropped to 39.4 in November, indicating a contraction. This level of contraction has only been seen once before, during the financial crisis in 2009. However, some economists suggest these surveys might be overly pessimistic, noting that official construction output figures have been faring better than the PMI survey this year, and job postings generally increased in November.
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