The UK's construction industry experienced its fastest growth in over a year in April, driven by commercial real estate and civil engineering.
The UK's construction industry experienced its fastest growth in over a year in April, driven by commercial real estate and civil engineering output. The S&P Global Construction Purchasing Managers' Index (PMI) for April reached 53.0, a significant increase from 50.2 in March and the highest level since February 2023. This growth surpassed analysts' predictions and indicates a rebound for the industry. Despite the positive development, housebuilding continues to struggle, with its slump persisting in April.
May 07, 2024
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