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Economy And The Numbers

UK Construction Growth Slows On Weaker Residential Work Demand

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The UK construction activity logged only a marginal expansion at the end of the first quarter, as the faster rise in the civil engineering category was offset by lower demand for residential works, survey results from S&P Global showed Thursday.

The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index, or PMI, dropped more-than-expected to 50.7 in March from 54.6 in February. The expected reading was 53.5.

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