Tuesday, 5 May 2015

UK construction sector reports weakest growth for almost two years

UK building activity showed the smallest rise for almost two years in April. The Markit/CIPS Construction PMI fell from 57.8 in March to a 22-month low of 54.2. Although remaining above the neutral 50.0 threshold to therefore signal an expansion of activity, the drop in the PMI points to a sharp easing in the rate of growth.