British construction companies enjoyed their fastest expansion in more than a year during April, despite a further drop in house-building, according to a survey on Tuesday that added to signs of an economic recovery from recession.
The S&P Global UK Construction Purchasing Managers’ Index rose to 53.0 from 50.2 in March – moving further above the 50-point growth threshold and marking the fastest growth since February 2023.
The survey’s gauges of commercial work and civil engineering shot higher, although the housing sector’s downturn worsened in April. Recent house price surveys have pointed to a moderation in the housing market’s recovery.
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