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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Construction Output MoM climbed to 0.1% in July 2026
FMPMonthlyReleased September 2026
United Kingdom Construction Output MoM climbed to 0.1% in July 2026, released September 2026, up 0.2% from June's -0.1% reading. The reading matched the 0.1% consensus. Construction Output MoM has now risen for 3 consecutive months. Over the past 3 months, Construction Output MoM averaged -0.45%, vs 0.87% in the prior 3-month window. The reading is in the 50th percentile of the trailing 24-month range.
Latest Release
0.1
Actual
0.1
Consensus
-0.1
Previous
Median Absolute Error
±0.55 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 0.03
Actual: 0.1
Error: -0.07
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▼ Inverse | −0.73 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.58 | INDEX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.54 | FOREX | Moves against | → View |
| DAX | ▼ Inverse | −0.51 | INDEX | Moves against | → View |
| GBP/JPY | ▼ Inverse | −0.48 | FOREX | Moves against | → 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 September 2026. This matched the market consensus of 0.1% exactly. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -0.14%, ranging from -1.3% to 1.5% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -0.27%, down from the prior three at 0.6%. Volatility over the past year (σ 0.69%) is higher than the prior year (σ 0.44%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with Euro STOXX 50, negatively correlated (Bearish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.55%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Employment Change (Sep 15) and Average Earnings incl. Bonus (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Jul 2026): actual 0.1 %, consensus 0.1 %. Prior reading (Jun 2026): -0.1 %. Before that (May 2026): -0.8 %.
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 bullish 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 FTSE 100 (Bearish FTSE 100, r=-0.73) — a useful reference for index-focused traders.
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Economic Calendar - UK Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | HMRC Payrolls Change | -13 | -4 | 37.00 | Low | |
| 06:00 | UK | Claimant Count Change | -11 | 8.3 | 11.00 | Low | |
| 06:00 | UK | Employment Change | 83 | 70 | 82.50 | High | |
| 06:00 | UK | Average Earnings excl. Bonus | 3.5 | 3.5 | 3.60 | Low | |
| 06:00 | UK | Average Earnings incl. Bonus | 4.1 | 3.9 | 4.10 | Medium | |
| 06:00 | UK | Unemployment Rate | 4.9 | 5 | 4.95 | High | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Retail Price Index MoM | 0.6 | 0.7 | 0.55 | Low | |
| 06:00 | UK | Retail Price Index YoY | 3.2 | 3.5 | 3.40 | Low | |
| 06:00 | UK | PPI Core Output YoY | 2.8 | 2.9 | 2.85 | Low | |
| 06:00 | UK | PPI Input MoM | -1.7 | -0.6 | -0.75 | Low | |
| 06:00 | UK | PPI Core Output MoM | 0.6 | 0.4 | 0.60 | Low | |
| 06:00 | UK | Inflation Rate YoY | 2.9 | 3.1 | 3.00 | High | |
| 06:00 | UK | Core Inflation Rate MoM | 0.2 | 0.1 | 0.05 | Low | |
| 06:00 | UK | Inflation Rate MoM | 0.3 | 0.5 | 0.40 | Medium | |
| 06:00 | UK | PPI Output MoM | 0.2 | 0.1 | 0.10 | Low | |
| 06:00 | UK | PPI Output YoY | 3.1 | 3.1 | 3.10 | Low | |
| 06:00 | UK | Core Inflation Rate YoY | 2.6 | 2.7 | 2.65 | Medium | |
| 06:00 | UK | PPI Input YoY | 4.9 | 4.7 | 4.65 | Low | |
| 08:30 | UK | House Price Index YoY | 2 | 2.1 | 2.60 | Low | |