FX.co ★ UK Construction Slump Deepens as S&P Global PMI Slips Further in August

The downturn in the UK construction sector worsened in August, with the S&P Global Construction PMI edging down to 44.3, from 44.7 in July 2026. The latest data, updated on 04 September 2026, highlights a further loss of momentum in an industry already in contraction, as readings below 50 indicate a decline in activity.

The August 2026 figure marks a continued slide for the sector after July’s weak performance, suggesting persistent headwinds for builders and developers across the country. The move from 44.7 to 44.3 underscores that conditions have not stabilised and that construction output remains under pressure as the third quarter progresses. Investors and policymakers will be watching upcoming releases closely for signs of whether this downturn deepens or begins to bottom out in the months ahead.