Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Construction Orders YoY fell to -11.9% in January 2026
FMPMonthlyReleased May 2026
United Kingdom Construction Orders YoY fell to -11.9% in January 2026, released May 2026, down 40.0% from December's 28.1% reading. The reading missed the 0.5% consensus by 12.4%. Construction Orders YoY has now declined for 3 consecutive months. Construction Orders YoY is now the lowest in 24 months.
Latest Release
-11.9
Actual
0.5
Consensus
28.1
Previous
Median Absolute Error
±12.4 percentage points
across last 11 releases
Last Call
May 2026
Predicted: 0.5
Actual: -11.9
Error: +12.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Orders YoY (United Kingdom) was reported at -11.9% in May 2026. This missed the market consensus of 0.5% by 12.4%. The reading fell from the previous value of 28.1%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 15.33%, up from the prior three at -0.5%. In May readings over the past 3 years, Construction Orders YoY has averaged -1.43%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 11 releases, the Sigmacast model's median absolute error is 12.4%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
Construction Orders YoY - UK
Loading chart data...
About Construction Orders YoY — United Kingdom
DEFINITION
Construction Orders YoY (Year-over-Year) is a financial indicator that measures the change in the total value of new construction orders received by companies in a specific time period compared to the same period in the previous year. This indicator is used to assess the overall health and growth of the construction industry and can provide valuable insights into the future outlook of the economy. A positive YoY growth in construction orders indicates a strong demand for new construction projects, while a negative growth may suggest a slowdown in the industry. This indicator is closely monitored by investors, analysts, and policymakers to make informed decisions about the construction sector and its impact on the overall economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual -11.9 %, consensus 0.5 %. Prior reading (Oct 2025): 28.6 %. Before that (Jul 2025): 29.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.