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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Construction Output MoM fell to 0.1% in April 2026
FMPMonthlyReleased June 2026
United Kingdom Construction Output MoM fell to 0.1% in April 2026, released June 2026, down 1.4% from March's 1.5% reading. The print exceeded the -0.7% consensus by 0.8%. The print is running well above the 12-month average of 0.08%. Over the past 3 months, Construction Output MoM averaged 1.25%, vs -0.53% in the prior 3-month window. The reading is in the 44th percentile of the trailing 24-month range.
Latest Release
0.1
Actual
-0.7
Consensus
1.5
Previous
Median Absolute Error
±0.57 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.3
Actual: 0.1
Error: +0.2
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.56 | COMMODITIES | Bearish XAU | → View |
| EUR/USD | ▼ Inverse | −0.50 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▼ Inverse | −0.36 | FOREX | Bearish GBP | → View |
| FTSE 100 | ▼ Inverse | −0.33 | INDEX | Bearish FTSE 100 | → View |
| EUR/GBP | ▼ Inverse | −0.32 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Output MoM (United Kingdom) was reported at 0.1% in June 2026. This beat the market consensus of -0.7% by 0.8%. The reading fell from the previous value of 1.5%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged -0.07%, ranging from -1.3% to 1.5% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.6%, up from the prior three at -0.8%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.57%.
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 June 2026.
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Construction Output MoM - UK
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About Construction Output MoM — United Kingdom
DEFINITION
Construction Output MoM (Month-over-Month) is a key financial indicator that measures the change in the total value of construction projects completed in a given month compared to the previous month. This indicator provides valuable insights into the health and growth of the construction industry, which is a significant contributor to the overall economy. It is closely monitored by investors, policymakers, and industry professionals to gauge the current state and future prospects of the construction sector. A positive MoM growth in construction output indicates a thriving industry, while a negative trend may signal a slowdown or contraction.
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 (Apr 2026): actual 0.1 %, consensus -0.7 %. Prior reading (Mar 2026): 1.5 %. Before that (Feb 2026): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.56) — a useful reference for commodities-focused traders.