UK construction activity soars to 2½ year high

| May 5, 2010 | 0 Comments

The Chartered Institute of Purchasing and Supply/Markit construction PMI index grew in April at its fastest rate since September 2007 - prior to the economic downturn.

The index jumped to 58.2 in April, up from an unrevised 53.1 in the previous month.

Any reading above 50 indicates growth within the sector.

The growth was attributed to a rise in new orders in the housebuilding sector, according to the survey.

Construction accounts for around 6% of Britain’s economic output.

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