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Pessimism building ahead of Budget in construction sector
Western Morning News
|October 07, 2025
Construction output dropped below the key PMI benchmark for the ninth successive month
BUSINESS activity expectations within the construction sector have plummeted to their lowest point since late 2022, as firms maintained a pessimistic outlook ahead of the Autumn Budget.
The most recent Purchasing Managers Index (PMI) from S&P Global revealed that construction output reached a three-month peak of 46.2 - yet remained significantly beneath the crucial 50.0 benchmark that determines whether a sector is expanding.
This represented the ninth successive month that construction dropped below this threshold, indicating a "solid rate of contraction".
This story is from the October 07, 2025 edition of Western Morning News.
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