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Housebuilding boosts UK construction sector

The UK's construction sector grew for the 12th month in a row in April, but at the slowest rate in six months, a survey has indicated

04 May 2014
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The Markit construction Purchasing Managers' Index (PMI) eased to 60.8 in April from 62.5 in March.

But the index has now been above the 50 threshold, which indicates growth, for a full year.

Residential housebuilding was the best-performing sub-sector again last month.

Markit said construction companies continued to take on staff at a strong pace, although the rate of hiring eased back slightly from the previous month.

Civil engineering activity slowed sharply, with some firms reporting an easing in the amount of business coming from flood relief work earlier in the year, Markit said.

The construction index comes a day after a survey of the manufacturing sector, which showed an influx of orders helped manufacturing activity grow last month at a much faster rate than expected.

Markit will publish its index for the the UK's dominant services sector on Monday.

Last week, official figures showed the UK economy grew by 0.8% in the three months to the end of March.

http://www.bbc.co.uk/news/business-27251552

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