Construction Industry still contracting
Decline in UK construction activity slowed in April, an industry survey showed today.
The Construction Purchasing Managers’ Index for April, which combines output and orders, rose sharply to 38.1 last month from 30.9 in March, the highest level in seven months.
However the sector is still deep in recession as a score under 50 signals contraction.
Housing, commercial and civil engineering output all rose in the month, but all were still well below the 50 mark.
Confidence climbed to its highest level since last June, with the majority of respondents expecting business conditions to improve over the next year.
