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.
