Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The typical/expected market impact of this event is low.
There is no forecast value for S&P Global Construction PMI yet - check back for updates.
The most recent announced value for S&P Global Construction PMI was 46.4 against a forecast of 46.7.
Recent economic data has been strongly bearish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global Construction PMI result:
Previous | Latest | ||||
---|---|---|---|---|---|
Retail Sales (MoM) | Bearish change | 0.7% | 0.4% | ||
Retail Sales (YoY) | Bullish change | 2.2% | 2.6% | ||
Retail Sales ex-Fuel (MoM) | Bearish change | 0.7% | 0.5% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | 1.8% | 3.3% | ||
GfK Consumer Confidence | Bearish change | -19 | -23 | ||
S&P Global/CIPS Composite PMI | Bearish change | 51.5 | 48.2 | ||
S&P Global/CIPS Manufacturing PMI | Bearish change | 44.9 | 44 | ||
S&P Global/CIPS Services PMI | Bearish change | 52.5 | 48.9 |
Country: | United Kingdom |
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Currency: | GBP |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |