FX.co ★ UK Construction Activity Contracts Further in February as PMI Falls to 44.5

The United Kingdom’s construction sector saw a deeper downturn in February, with the S&P Global Construction PMI slipping to 44.5, down from 46.4 in January 2026. The latest reading, released on 5 March 2026, remains firmly below the 50.0 threshold that separates expansion from contraction, signaling a continued slowdown in industry activity.

February’s decline marks a further loss of momentum following January’s already subdued performance, suggesting that construction firms are facing persistent headwinds. The drop from 46.4 to 44.5 indicates weaker output and potentially softer demand across key segments of the sector, including residential, commercial, and civil engineering projects.

With the index now moving further away from the neutral 50 line, market participants and policymakers will be watching upcoming data closely for signs of whether this contraction deepens or stabilizes in the months ahead.