Construction pmi index uk
The downturn in UK construction is easing amid growing “signs of a turnaround” in demand for housebuilding projects, according to new figures. Activity continued to fall in January but at a much slower pace, according to a closely watched purchasing managers’ index (PMI) for the industry. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 53.4 from 53.2 in October, confounding the consensus forecast for a fall to 52.5 in a Reuters poll of economists. A similar survey on manufacturers on Monday also beat expectations, The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) fell to 45.0 from 45.3 in July, confounding expectations for an improved reading of 45.9 in a Reuters poll of economists.