Reuters: Construction activity at six-month high
Construction activity growth picked up to a six-month high in March as house-building grew at its fastest pace in more than two years, a survey showed on Tuesday. The Chartered Institute for Purchasing and Supply said its seasonally adjusted index for construction rose to 54.7 in March, the highest since 57.2 in September 2005, from 51.9 in February. The housing component jumped to 59.6, the highest since December 2003, from 52.9 in February. It was well above the 50.0 level that divides expansion from contraction.