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UK Construction PMI
March data signalled a strong expansion of activity in the UK construction sector, with the seasonally adjusted Markit/CIPS Construction Purchasing Managers’ Index™ (PMI™) posting 56.4. This was fractionally weaker than January’s eight-month high of 56.5. New business growth remained marked, while the rate of reduction of staffing levels fell to the weakest in the current nine-month sequence of decline. Meanwhile, cost inflation intensified again, reaching the highest since mid-2008.