The typical/expected market impact of this event is low.
The consensus forecast for S&P Global Construction PMI is 47.9. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for S&P Global Construction PMI was 46.4.
Recent economic data has been strongly bullish for GBP. Other recent announcements which may affect the market's interpretation of the next S&P Global Construction PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| GfK Consumer Confidence | Bearish change | -16 | -19 | ||
| S&P Global Composite PMI | Bullish change | 53.7 | 53.9 | ||
| S&P Global Manufacturing PMI | Bullish change | 51.8 | 52 | ||
| S&P Global Services PMI | Bearish change | 54 | 53.9 | ||
| Retail Sales (MoM) | Bullish change | 0.4% | 1.8% | ||
| Retail Sales (YoY) | Bullish change | 1.9% | 4.5% | ||
| Retail Sales ex-Fuel (MoM) | Bullish change | 0.3% | 2% | ||
| Retail Sales ex-Fuel (YoY) | Bullish change | 2.5% | 5.5% |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |