NEWS Desk Global
UK CONSTRUCTION SECTOR RECORDS FASTEST GROWTH IN TWO YEARS
Britain's construction sector recorded its biggest rise in activity in two years last month, including the first rise in house-building since just after former Prime Minister Liz Truss' mini-budget. The S&P Global UK Construction Purchasing Managers' Index rose to 54.7 in May from 53.0 in April.
The upturn follows weak official data in the final quarter of 2023 and the first quarter of this year. Output fell 0.9% in each period, the largest declines since mid 2021."Firms are gearing up for further growth in the months ahead, posting renewed expansions in both employment and purchasing activity as workloads increase," S&P economics director Andrew Harker said.
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