Construction PMI eases, but the positive momentum continues

Construction PMI eases, but the positive momentum

Commenting on the latest CIPS/Markit Construction PMI for the month of August, Jan Crosby, UK head of infrastructure, building and construction, KPMG said.


Also on

“August’s Construction PMI may have pointed to an easing of output growth, but at least the positive momentum continues and there remains a sense of optimism.

“As is clear in the latest figures, residential continues to be buoyed by the underlying demand for housing, driven by moves as families grow, moves to rural rather than urban living and the massive need for affordable key worker housing.  Pricing levels are being maintained and in some areas are even rising, with rates of sale at high levels too.  How long this will last is of course a key question, but notwithstanding the rising unemployment levels, people still need accommodation and if history is anything to go by, wholesale planning changes are likely to temporarily slow land release in the short term and keep pricing stable even if demand slows.  The stamp duty holidays were not needed, instead the focus should be on shovel ready infrastructure projects, including hospital builds as well as key worker and affordable housing programmes facilitated with rapid modular builds.

“Logistics and infrastructure construction, such as highways and rail, still remain hot sectors and increasingly we may see opportunities in regeneration too – both of our high streets and converting bricks and mortar retail to other use classes, for example.  Contractors are also looking at partnerships with institutions to develop core investment buildings, whether it be student accommodation, build to rent, senior living, affordable housing, data centres or logistics facilities.”



Notes to editors:

For media enquiries only, please contact:

Simon Wilson, KPMG Corporate Communications:

T: 0207 311 6651 / 07785 373397


KPMG’s Press Office: +44 (0)207 694 8773

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff.  The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2021 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today