Weekly Economic and Construction Update – 13 October 2023

Weekly Economic and Construction Update – 13 October 2023

Date Published

13 October 2023

Document Type

Category

Author

Jennie Ward

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Summary

The RICS UK Residential Survey for September 2023 reports stretched mortgage affordability is still hitting buyer demand.

The S&P Global/CIPS UK Construction PMI was 45.0 in September 2023, significantly lower than the 50.8 in August and below 50.0 for the first time since June. Activity in September fell at its fastest pace since May 2020.