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2 Jun 2015
UK Construction PMI rises to 55.9 in May
FXStreet (Mumbai) - Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 55.9 in May, up from 54.2 in April.
The modest rebound in output growth was driven by a sharp and accelerated increase in residential building activity, alongside a return to growth in the civil engineering sub-sector. Meanwhile, commercial building work expanded at the slowest pace since August 2013.
Growth of incoming new work picked up for the first time in three months during May. Staffing levels rose at a sharp and accelerated pace in May, with the latest increase in payroll numbers the fastest seen so far in 2015. May’s survey pointed to a rebound in input cost inflation from the 62-month low registered in April.
The modest rebound in output growth was driven by a sharp and accelerated increase in residential building activity, alongside a return to growth in the civil engineering sub-sector. Meanwhile, commercial building work expanded at the slowest pace since August 2013.
Growth of incoming new work picked up for the first time in three months during May. Staffing levels rose at a sharp and accelerated pace in May, with the latest increase in payroll numbers the fastest seen so far in 2015. May’s survey pointed to a rebound in input cost inflation from the 62-month low registered in April.