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UK Construction PMI Hits 1997 High Amid Inflation Woes

4/9/2026

23 2 Full Breakdown

Summary

Story summary

The S&P Global UK Construction PMI for input cost inflation rose to 70.5 in March, highest monthly increase since 1997, driven by the war in Iran.
New orders fell sharply as confidence among builders weakened due to rising fuel prices and economic uncertainty.
Overall PMI edged up to 45.6 but still signals contraction for the 15th month.
Inflation pressures, high borrowing costs, and delayed investment remain concerns, with housebuilders affected.

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Story summary

The S&P Global UK Construction PMI for input cost inflation rose to 70.5 in March, highest monthly increase since 1997, driven by the war in Iran.
New orders fell sharply as confidence among builders weakened due to rising fuel prices and economic uncertainty.
Overall PMI edged up to 45.6 but still signals contraction for the 15th month.
Inflation pressures, high borrowing costs, and delayed investment remain concerns, with housebuilders affected.