UK construction activity stabilises in February amid improved demand

UK construction activity stabilised in February, driven by improved demand on the back of falling inflation and expected interest rate cuts, according to a closely watched survey published last week.

The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 49.7 in February from 48.8 in January.

The reading was above the 49.0 forecast by analysts in a Reuters poll and the highest since August 2023. However, it remained below the threshold of 50, indicating that most businesses reported a contraction in activity.

Hercules Site Services plc (LON:HERC) is a collaborative, innovative company delivering services of the highest standards within the Civil Engineering sector of the construction industry.

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