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5 May 2015
UK construction output in April expands at slowest rate since June 2013
FXStreet (Mumbai) - The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) fell to 54.2 from 57.8 in March. The index contracted for the second consecutive month and was the lowest for almost two years.
Output and new order expanded at the slowest rates since June 2013 as the forthcoming elections had contributed to delays in clients’ spending decisions. Job creation remained robust in April and there were widespread reports of worsening capacity pressures. Input cost inflation eased sharply to its lowest for just over two years.
Meanwhile, business confidence regarding the 12-month outlook dipped from the nine-year high seen in March, but remained stronger than its long run average.
Output and new order expanded at the slowest rates since June 2013 as the forthcoming elections had contributed to delays in clients’ spending decisions. Job creation remained robust in April and there were widespread reports of worsening capacity pressures. Input cost inflation eased sharply to its lowest for just over two years.
Meanwhile, business confidence regarding the 12-month outlook dipped from the nine-year high seen in March, but remained stronger than its long run average.