Wednesday, 7 June 2017

Rise In Housebuilding Boosts Construction Sector In May

Activity in the UK construction sector expanded at its fastest rate in 17 months in May, boosted by a surprise rebound in homebuilding, a survey says. The Markit/CIPS construction purchasing managers' index rose to 56 from 53.1, its highest level since December 2015. A figure above 50 indicates expansion. Builders also hired more workers and ordered more supplies to deal with an increase in new projects. Economists said the sector was recovering after a slow start to 2017. Read more on the BBC.

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