The British construction sector remained in expansion territory for the third straight month in April as rising volumes of commercial and civil engineering work were largely offset by a steep decline in the housing activity, survey results from S&P Global showed Friday.
The Chartered Institute of Procurement & Supply construction Purchasing Managers' Index, or PMI, rose slightly more-than-expected to 51.1 in April from 50.7 in March. The expected reading was 51.0.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.