UK construction sector growth hits 2-year high in May, driven by new orders, employment, and slower input cost inflation.
The UK construction sector experienced its fastest growth in two years in May, as the S&P Global purchasing managers' index rose to 54.7, driven by a steady growth in new orders, increased employment, and a slower input cost inflation. This expansion was particularly notable in commercial building, with housing and civil engineering also experiencing growth. Business confidence increased to its highest level in three months, and the sector is expected to see further growth in the coming 12 months.
June 06, 2024
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