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Construction sector activity in the UK economy rose at its fastest pace for five months.

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.

 

Allen Walkey

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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