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U.K. Construction Purchasing Managers Index (PMI)
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Latest Release
Apr 05, 2024
Actual50.2
Forecast49.8
Previous49.7
The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry; a reading below indicates contraction. It gives an indication about the health of the construction section in the UK.
Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| May 07, 2024 (Apr) | 04:30 | 50.2 | |||
| Apr 05, 2024 (Mar) | 04:30 | 50.2 | 49.8 | 49.7 | |
| Mar 06, 2024 (Feb) | 05:30 | 49.7 | 49.0 | 48.8 | |
| Feb 06, 2024 (Jan) | 05:30 | 48.8 | 47.2 | 46.8 | |
| Jan 05, 2024 | 05:30 | 46.8 | 46.0 | 45.5 | |
| Dec 06, 2023 (Nov) | 05:30 | 45.5 | 46.3 | 45.6 |
News
European stocks higher; German factory orders jump, Maersk warns of demand hit
By Investing.com - Aug 04, 2023
Investing.com - European stock markets edged higher Friday, as investors digested more corporate earnings, including from tech giants Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), ahead of the release...
European Stocks Sharply Lower; U.K. GDP Slumps in April
By Investing.com - Jun 13, 2022
By Peter Nurse Investing.com - European stock markets traded lower Monday, with weak UK growth data raising fears of an economic slowdown in the region just as central banks move to address red-hot...
Dollar Up Over Upbeat U.S. Employment Data, but Taper Concerns Remain
By Investing.com - Jun 04, 2021
By Gina Lee Investing.com – The dollar was up on Friday morning in Asia, posting its biggest gains in around a month. Investors continue to focus on the ongoing economic recovery from COVID-19...
Analysis
Pound Sterling Edges Higher
By Kenny Fisher - Dec 07, 2022
The British pound has recovered after starting Tuesday with losses. In the North American session, GBP/USD is trading at 1.2247, up 0.40%.The US dollar is finally improving this week after a recent...
Week Ahead – All About The Fed And NFP
By Ed Moya - Oct 30, 2022
2
Global Economic DataUSWill the fourth 75 basis-point rate hike be the last major rise before the Fed downshifts in December? Next week’s FOMC decision is widely expected to be an unanimous vote...
Worst September In The Last 20 Years Concludes
By Gregor Horvat - Oct 03, 2022
Although the European stock markets closed with a positive sign on Friday, investors were taking a step back to evaluate the data on inflation in Europe and the US since they are afraid of a global...
S&P Global / CIPS UK Construction PMI Discussion
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