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Markit/CIPS UK Construction PMI
UK construction companies continued to record strong output rises during April, with all three broad categories of activity registering robust growth. That said, the overall rate of expansion eased since March and was the least marked for six months. This was highlighted by the seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) dipping from 62.5 to 60.8 in April. The latest reading was nonetheless much higher than the 50.0 no-change threshold and well above the long-run survey average (54.3).