Construction sector activity in the UK economy rose at its fastest pace for five months.
May 4, 2018
The latest IHS Markit/CIPS UK Construction Purchasing Managers Index (PMI) headlines ‘House building recovery after snow disruption underpins modest construction rebound in April’.
The construction sector activity in the UK economy rose at its fastest pace for five months a new report from Markit Economics showed on Wednesday.
The final Purchasing Managers’ Index (PMI) in the UK picked up sharply to 52.5 points in April, compared to the 20 month low of (47.0) seen in March.
Residential work was by far the best performing category of construction activity in April, with the rate of growth reaching its strongest since May 2017 says the report.
Read the IHS Markit/CIPS report 2nd May 2018 in full click here.
You May Also Enjoy
The UK cities with the largest property price increases revealed
A new study has unveiled the most challenging UK cities for first-time buyers. Newry leads Northern Ireland’s ranking, with a property price increase of 12.8%, while Hull leads Great Britain’s ranking, recording an increase of 6.6%. The research examined data from HM Land Registry to reveal the cities that have faced the highest property price…
Read More 
The UK’s Most Expensive Property Hotspots Revealed
More than one in three homes sold in Camden last year fetched at least £1 million, making it the UK’s leading million-pound property hotspot in a new study of England and Wales. But despite London’s dominance at the top of the rankings, the research reveals a surprising trend: median sale prices in several expensive London…
Read More 
Lloyds House Price Index – October 2026
House prices in October 2026 were 1.2% lower compared to the same month a year earlier. House prices fall in October as market remains subdued • House prices fell by -0.6% in October, following a -0. 1% decrease in September • The average property price is now £29 6 ,285 , compared to £29 8…
Read More 
Britain’s most affordable towns revealed
Britain’s most affordable towns revealed, where homes cost less than two years worth of household earnings Zoopla reveals 36 British towns where a typical home is worth less than twice the combined annual earnings of two local full-time workers Across Great Britain, a typical home costs 4.3 times annual household earnings, compared with just…
Read More 
Bank of England raises rates to 4%
The Bank has raised interest rates by 0.25 percentage points to 4%. Policymakers were unanimous in their decision. Here is the reaction from the industry. Nathan Emerson, CEO at Propertymark, comments: “As the Bank of England continues to navigate wider economic pressures, including rising inflation, it comes as little surprise that base rate decisions remain…
Read More 
Breaking Property News 5/11/26
Daily bite-sized proptech and property news in partnership with Proptech-X. The Greatest Return on AI May Not Be the Work It Eliminates, but the Human Potential It Releases Time to look at artificial intelligence as a growth engine that upgrades humans working life Thought Leadership By Author Andrew Stanton CEO Proptech-PR For decades, businesses have…
Read More