S&P Global has published the UK Construction Purchasing Managers’ Index (PMI) report, indicating that construction output across the UK accelerated to its fastest rate in nearly two and a half years in September 2024. The PMI increased to 57.2 in September 2024, up from 53.6 in August 2024, remaining above the neutral 50.0 threshold for the seventh successive month.

S&P Global has published its December 2024 UK Construction Purchasing Managers’ Index (PMI) report, indicating a slowdown in momentum for construction companies at the end of 2024. Total business activity expanded at its slowest rate since June 2024, with new order growth slowing for the third consecutive month. The PMI registered 53.3 in December 2024, down from 55.2 in November 2024, representing the lowest level for six months. Despite this, the index has remained above the 50.0 no-change threshold since March 2024.

S2P is the State Second Pension which was introduced in 2002 to replace over time the State Earnings Related Pensions (SERPS).

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