UK Construction Growth Accelerates to Four Month High

Growth in Britain’s construction industry accelerated to a four-month high in April, adding to tentative signs that the economy might be recovering a little momentum after a lacklustre start to 2017, a survey showed on Wednesday.

The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 53.1 from 52.2 in March, against forecasts in a Reuters poll of economists for a slight fall.

Civil engineering grew at the fastest pace in just over a year and growth in house-building hit a four-month high.

Reuters

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.