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 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.