UK construction companies indicated a continued recovery in business activity and new order inflows in April, again led by work on commercial projects. This in turn contributed to employment growth for the second month running, and confidence in the 12-month outlook remained much stronger than throughout much of 2011. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) for April signalled that activity grew at a slower rate than the 21-month high seen in March, when good weather had helped boost activity levels. However, at 55.8, down from 56.7 in the previous month, the latest ... (full story)