英国1月建筑业PMI超预期回暖 行业景气度回升

Group 1 - The UK construction sector's Purchasing Managers' Index (PMI) rose from 40.1 in December to 46.4 in January, significantly exceeding market expectations of 42.0 and marking the highest level since June 2025 [1] - Despite remaining below the neutral level of 50.0, the sharp slowdown in contraction indicates that downward pressure on the UK construction industry is easing, suggesting a potential recovery in overall industry sentiment [1] - All sectors of the construction industry have rebounded from December 2025 lows, driven by a recovery in the public sector and increased commercial sales inquiries, leading to the slowest decline in new business volume in three months [1] Group 2 - The housing construction project, a priority for the Labour government with a commitment to build 1.5 million homes, is currently facing challenges due to weak demand, low customer confidence, and insufficient new project starts, making it the weakest segment in the construction industry [2] - Despite ongoing cost pressures eroding profits, with procurement costs experiencing the largest increase since September due to rising wages and material prices, there are signs of improvement in investment sentiment and a decrease in interest rates, boosting optimism for the coming year [2] - The S&P confidence index has reached its highest level since May 2025, with nearly 40% of surveyed firms expecting output to improve over the next 12 months, while only 17% anticipate a decline in activity [2]