Housebuilding Returns UK Construction Sector To Growth In April

Britain’s construction sector returned to growth last month thanks to a pick-up in housebuilding, though the outlook is less certain due to a sharp fall in new orders, an industry survey shows. The IHS Markit/CIPS construction Purchasing Managers’ Index (PMI) rose to a three-month high of 50.5 in April from March’s 49.7, a shade higher than the reading of 50.3 forecast on average in a Reuters poll of economists. “A return to growth would normally be considered a positive month for the UK construction sector, but the weakness outside of house building gives more than a little pause for thought,” IHS Markit economist Tim Moore said. Read more on the Reuters website.

https://uk.reuters.com/article/uk-britain-economy-pmi/housebuilding-returns-uk-construction-sector-to-growth-in-april-pmi-idUKKCN1S80K4