Key facts
- UK Construction PMI for May was 38.2.
- This figure is lower than the April reading of 39.7.
- The May PMI was below the forecast of 40.4.
- A reading below 50 indicates contraction in the sector.
The United Kingdom's S&P Global Construction Purchasing Managers' Index (PMI) for May recorded a reading of 38.2. This figure represents a decline from the previous month's reading of 39.7 and fell short of the anticipated forecast of 40.4. A PMI reading below 50 signifies a contraction in the sector. The data suggests a worsening economic environment within the UK construction industry during May.