-
Markit/CIPS UK Construction PMI
March data signalled a marked expansion of UK construction sector output, with the rate of growth accelerating for a second successive survey period. A rise in new work intakes supported the latest increase in activity, and also a modest pace of job creation. Meanwhile, confidence continued to strengthen. The seasonally adjusted Markit/CIPS Construction Purchasing Managers’ Index® (PMI®) posted 56.7 in March. Up from 54.3 in February, the index has now posted above the 50.0 no-change level that separates growth from contraction in each month since January 2011. Moreover, the latest reading pointed to the sharpest ... (full story)