The UK construction sector logged a faster contraction in April amid rapid acceleration in cost inflation, survey results from S&P Global showed on Thursday.
The construction Purchasing Managers' Index declined to 39.7 in April from 45.6 in March. The score remained below the neutral 50.0 mark for the sixteenth month in a row. Moreover, output fell at the fastest pace in five months.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.