UK construction growth slowed April warns buyers

Growth in the UK construction sector slowed in April,according to a closely watched survey.UK construction growth slowed April warns buyersThe Markit/CIPS construction purchasing managers’ index came in at 55.8, down from March’s 21-month high of 56.7.

Any figure over 50 suggests growth in the sector.

There is particular interest in the sector after its slowdown in the first three months of the year was partly blamed for the economic growth figure that pushed the UK back into recession.

The Office for National Statistics figures said construction had contracted by 3% in the first quarter compared with the previous three months.

That contributed to the overall 0.2% contraction in the economy.

But questions have been asked about how the ONS figures could have found such a decline in the sector when surveys were showing growth.

June 19, 2012 · Home Based Jobs · Comments Closed
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