📉 UK Construction PMI Sinks to 5.5-Year Low
The S&P Global UK Construction PMI dropped sharply to 39.4 in Nov 2025 (from 44.1), signalling the steepest contraction in over 5 years.
🏗️ Sector Breakdown
Housing: 35.4 – hardest hit
Commercial: 43.8
Civil Engineering: 30.0 – worst performer
💬 Drivers Behind the Decline
Weak client confidence
Delayed spending amid pre-Budget uncertainty
Fewer new orders (lowest since May 2020)
👥 Employment Impact
Jobs cut at the fastest pace since Aug 2020
Business optimism at its weakest since Dec 2022
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