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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom S&P Global Construction PMI fell to 44.3 in August 2026
FMPMonthlyReleased September 2026
United Kingdom S&P Global Construction PMI fell to 44.3 in August 2026, released September 2026, down 0.4 from July's 44.7 reading. The reading matched the 45.5 consensus.
Latest Release
44.300000
Actual
45.500000
Consensus
44.700000
Previous
Median Absolute Error
±2.88
across last 12 releases
Last Call
Sep 2026
Predicted: 46.28
Actual: 44.3
Error: +1.98
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.38 | COMMODITIES | Moves against | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Construction PMI (United Kingdom) was reported at 44.30 in August 2026. This missed the market consensus of 45.50 by 1.20. The reading fell from the previous value of 44.70. Over the past 12 months, the indicator has averaged 42.63, ranging from 38.20 to 46.40 across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 42.47, down from the prior three at 43.03. Volatility over the past year (σ 3.07) is lower than the prior year (σ 3.86). In September readings over the past 3 years, S&P Global Construction PMI has averaged 47.80.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 2.88.
WHAT TO WATCH NEXT
The next release is scheduled for October 6, 2026. 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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S&P Global Construction PMI - UK
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About S&P Global Construction PMI — United Kingdom
DEFINITION
The S&P Global Construction PMI is a widely recognized financial indicator that measures the performance of the global construction industry. It provides valuable insights into the current and future trends of the sector, including changes in output, new orders, employment, and business confidence. This indicator is used by investors, analysts, and policymakers to assess the health of the construction industry and make informed decisions. With its comprehensive coverage and timely updates, the S&P Global Construction PMI is an essential tool for understanding the state of the global economy.
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 (Aug 2026): actual 44.3, consensus 45.5. Prior reading (Jul 2026): 44.7. Before that (Jun 2026): 38.4.
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.
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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 | 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 | Inflation Rate YoY | 2.9 | 3.1 | 3.00 | High | |
| 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 | |