UK construction industry ends six-month slump with growth surge

A six-month period in the doldrums has been ended by the UK’s construction industry, which has now returned to growth.

The slowdown witnessed a dip in housebuilding amid weakening property market conditions, but recent figures indicate a shift. March saw a surge in the S&P Global construction purchasing managers’ index (PMI) to 50.2, up from February’s 49.7 and the highest since August of the previous year.

Notably, any score above 50 indicates an expansion in output within the sector. Although slim, the positive score is a positive change for builders who have been wrestling with rising prices, reduced demand, and supply chain disruption due to challenging economic conditions.

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. Hercules Construction Academy provides a comprehensive range of courses designed to equip individuals with the essential skills and knowledge required for a long and successful career in the construction industry.

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