Construction output continues to rise

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The UK construction sector remained inside growth territory as the second quarter of the year drew to a close, although the overall expansion softened amid a renewed fall in housing activity.

A slower rise in new orders was also recorded, in some cases linked to election uncertainty, but the pace of job creation picked up. Meanwhile, the rate of input cost inflation quickened from May, but remained muted.

The headline S&P Global UK Construction Purchasing Managers’ Index™ (PMI®) registered 52.2 in June, down from 54.7 in May. Remaining above the 50.0 no-change mark for the fourth consecutive month, the latest reading signalled a sustained improvement in overall construction activity in the UK, albeit with the pace of growth softening from the previous month.

The main driver of growth continued to

 link source - Construction Media

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