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Construction PMI dips in March

Weaker housebuilding activity acted as a drag on the construction sector in March, with the Markit/CIPS purchasing managers’ index for construction falling to a below-expectations 52.2 from 52.5 a month earlier.

Although the reading was above 50, the level separating expansion from contraction, some economists described the figures as disappointing.

The reading for the housing sub-index was the lowest since August, at 51.7. The commercial construction and civil engineering sub-indexes both rose.

Click here for the full Times article (£)

Click here for the full FT article (£)

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