UK construction maintains brisk growth in April as lockdown lifts – PMI

07.05.2021 - Kulakov Vladimir
UK construction maintains brisk growth in April as lockdown lifts – PMI

British construction activity grew rapidly in April, near its six-and-a-half-year record posted in March as lifted COVID-19 lockdowns bolstered demand, a survey revealed on Friday.

The IHS Markit/CIPS Construction Purchasing Managers’ Index (PMI) slightly lowered to 61.6 in April from 61.7 in March, despite the survey’s gauge of new orders rising to its highest level since September 2014.

The all-sector PMI, which combines the PMI surveys for manufacturing, services, and construction surveys, climbed to 60.8 in April from 56.8 in March, the highest since October 2013.

The figures reflected on the survey indicate a fast pace to economic rebound. Moreover, the Bank of England reported on Thursday that the U.K.’s economy would expand by the most since World War Two this year after dwindling by almost 10% last year.

Cost pressures for construction firms increased at the sharpest rate since records started 24 years ago.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?