Construction activity rises at fastest pace in two years during May

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Growth in the UK construction sector gained momentum during May, with activity and new business increasing at sharper rates than in April.

Rising workloads prompted renewed expansions in purchasing activity and employment, while business confidence also strengthened.

Supply-chain conditions continued to improve amid reports of good stock availability at vendors. This contributed to the pace of input cost inflation slowing to a marginal pace.

The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) – a seasonally adjusted index tracking changes in total industry activity – posted above the 50.0 no-change mark for the third month running in May to signal a sustained expansion in activity midway through the second quarter of the year.

Moreover, the index rose to 54.7 from 53.0 in April, pointing to a marked increase in

 link source - Construction Media

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