Economic Buzz: UK Construction Sector Logs Robust Growth In March

6 Apr 2022 , 02:37 PM

UK construction Purchasing Managers Index came in at 59.1 in March, unchanged from February, despite escalating inflationary pressures and concerns about the impact of the war in Ukraine, survey results published by S&P Global showed on Wednesday. The latest score signalled the joint-fastest rate of output growth since June 2021. Commercial work was the best-performing segment in March, with projects restarting amid the roll back of pandemic restriction. In contrast, the recoveries in civil engineering and residential work lost momentum in March. New orders grew at the strongest rate since August 2021. Rising workloads contributed to a considerable rise in staffing numbers during March.

Powered by Commodity Insights