Business activity in the UK construction sector slowed down in March

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In March, the index of business activity in the UK construction sector rose to 49.7 points from 49.5 points a month earlier, a survey conducted by IHS Markit showed. The indicator coincided with economists' forecasts, but remained below 50 points, that is, in the zone of reduction of activity. Total construction activity declined due to weak commercial and civil construction. In March, commercial construction showed the weakest growth for the year, while housing growth was the fastest. The growth of new jobs slowed down amid lingering uncertainties around Brexit. The March report notes that buying activity was stimulated by the buildup of manufacturing companies in preparation for the country's withdrawal from the EU.

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