Slump for UK builders abates in July, PMI shows

LONDON, Aug 6 (Reuters) - The ‌downturn in Britain's ​construction ​industry eased in July as commercial building and housebuilding weakened less sharply and builders turned the most optimistic ‌since before the Iran war started, a survey by S&P ⁠Global showed.

The S&P Global UK Construction Purchasing Managers' Index (PMI) stood at 44.7 in ‌July, jumping from 38.4 ‌in June to well above the 40.0 median forecast in a Reuters poll of economists. The 50-mark separates growth from contraction.

"July data ​suggests that the performance of the UK construction sector has started to stabilise after a sharp downturn throughout the second ⁠quarter of 2026," said Tim Moore, economics director at S&P Global Market Intelligence.

• The commercial ​activity index was the highest in four months, rising to 46.8 in July from 41.5 in June

• Housebuilding ​declined at the slowest pace since October ‌2025

• While civil engineering showed the steepest pace of decline among the PMI's main sub-categories, the downturn ⁠eased from the more than six-year low in June

• S&P's gauge of new orders was the highest since September 2025, signalling a slower decline ⁠in demand

• Employment fell for the 19th month in a row, though at the ​slowest pace since February, before the Iran war began

• Subcontractor availability grew at the fastest pace since April 2025

• A gauge of input costs eased to ‌69.8 from 77.9, slowing for the second straight month after May's near four-year high of 83.5

• Construction ‌firms turned the most upbeat about the coming 12 months since ⁠February

• The composite PMI, which ‌includes services and manufacturing ​firms, rose to 51.6 from 48.4, the highest in five months

(Reporting by Suban AbdullaEditing by William Schomberg and ‌Hugh Lawson)

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