PMI in the UK construction sector showed growth in April

The purchasing managers' index in the construction sector in the UK increased to 52.5 points in April from 47 points a month earlier, the IHS Markit survey showed. The March value of the index was minimal for 20 months. In April, the construction sector stabilized, the April value of PMI was the highest since November 2017 and far exceeded the forecast of analysts at 50.5 points. The director of the CIPS group, Duncan Brock, noted improvements after the weather-induced failures in March. The most effective category of construction activity in April was the construction of housing. Improvements were also observed in commercial construction and civil engineering activities.

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