Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Construction PMI climbed to 59.1 in February 2022
FMPMonthlyReleased March 2022
United Kingdom Construction PMI climbed to 59.1 in February 2022, released March 2022, up 2.8 from January's 56.3 reading. The reading matched the 56.3 consensus. Construction PMI has now risen for 3 consecutive months. Over the past 3 months, Construction PMI averaged 55.37, vs 54.13 in the prior 3-month window. Construction PMI is now the highest in 7 months.
Latest Release
59.1
Actual
56.3
Consensus
56.3
Previous
Median Absolute Error
±2.04
across last 12 releases
Last Call
Mar 2022
Predicted: 56.88
Actual: 59.1
Error: -2.23
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 |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction PMI (United Kingdom) was reported at 59.10 in March 2022. This beat the market consensus of 56.30 by 2.80. The reading rose from the previous value of 56.30. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 56.57, up from the prior three at 54.23.
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 12 releases, the Sigmacast model's median absolute error is 2.04.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include BoE Consumer Credit (Jul 29) and Mortgage Approvals (Jul 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
SHARE
Construction PMI - UK
Loading chart data...
About Construction PMI — United Kingdom
DEFINITION
Construction PMI (Purchasing Managers' Index) is a leading economic indicator that measures the level of activity in the construction sector. It provides valuable insights into the health and growth of the construction industry by tracking changes in key factors such as new orders, employment, and business expectations. This data is used by businesses, investors, and policymakers to make informed decisions and assess the overall economic outlook. A high Construction PMI indicates a strong and expanding construction sector, while a low PMI suggests a slowdown in activity.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2022): actual 59.1, consensus 56.3. Prior reading (Jan 2022): 56.3. Before that (Dec 2021): 54.3.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - UK Events
| Monday, July 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | UK | CBI Distributive Trades | -26 | -54 | -45 | -35.50 | Medium |
| Wednesday, July 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:30 | UK | Net Lending to Individuals | 4.6 | 5.5 | 5.50 | Low | |
| 08:30 | UK | BoE Consumer Credit | 1.662 | 1.5 | 1.50 | Medium | |
| 08:30 | UK | Mortgage Approvals | 56.21 | 56.5 | 56.50 | Medium | |
| 08:30 | UK | Mortgage Lending | 2.89 | 4.1 | 4.10 | Medium | |
| 08:30 | UK | M4 Money Supply MoM | 0.1 | 0.2 | 0.20 | Low | |
| 23:01 | UK | Car Production YoY | 3.2 | -0.5 | -3.10 | Low | |
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | UK | BoE Interest Rate Decision | 3.75 | 3.75 | 3.75 | High | |
| 11:00 | UK | BoE MPC Vote Cut | 9 | 9 | 9.00 | Medium | |
| 11:00 | UK | BoE MPC Vote Hike | 29 | 29 | 29.00 | Medium | |
| 11:00 | UK | BoE MPC Vote Unchanged | 79 | 79 | 79.00 | Medium | |