Concerns grow as UK construction suffers steepest downturn since 2020, S&P reports

The UK Construction Purchasing Managers' Index fell for the 17th consecutive month, with the new orders index hitting its the lowest level since May 2020. The post Concerns grow as UK construction suffers steepest downturn since 2020, S&P reports appeared first on Property Week.

Construction hit by sharpest fall in work since first Covid lockdown

Construction activity has dropped at its sharpest pace since the first Covid lockdown, research has revealed. S&P Global’s UK Construction Purchasing Managers’ Index posted a score of 38.2 in May, where 50 represents no change from the prior period. This represented a 17th successive month… The post Construction hit by sharpest fall in work since first Covid lockdown appeared first on Construction News.

Cable ties up £10.85m deal for Scottish industrial asset

The property is let to SP Distribution and is due for a rent review in September. The post Cable ties up £10.85m deal for Scottish industrial asset appeared first on Property Week.

Double whammy hits April construction output

A combination of lower activity and higher inflation has resulted in the steepest monthly decline in UK construction output since last November, according to the latest Purchasing Managers’ Index (PMI) data. The index, which is overseen by S&P Global, fell to 39.7 in April, down… The post Double whammy hits April construction output appeared first on Construction News.

Report: Billions of Dollars in Data Center Construction Risk Is Uninsured

Hyperscale data centers are outgrowing insurance capacity, leaving billions of dollars worth of construction risk uncovered as owners, contractors and insurers shift to partial-coverage models, according to a new analysis from S&P Global Ratings.