News · 12 July 2026
What's behind 18 months of building job losses?
Unsplash / Brands&People
High borrowing costs, mainly: UK construction shed jobs for an 18th straight month in June, with the S&P Global construction PMI at 38.4, well below the 50 mark that signals growth. Housebuilding was weakest at 35.6, hit by delayed projects and softer demand. Analysts blame high interest rates and cautious spending. It points to continued strain across builders and the housing supply chain.
Reported by S&P Global · How we write briefs