rollover Posted May 3, 2013 Share Posted May 3, 2013 THE UK’S struggling construction industry showed signs of getting back on its feet last month, according to a closely-watched business survey released yesterday. The sector remains in contraction but appears to be bottoming out – an outcome that would boost Britain’s second quarter GDP result and bode well for the recovery. Markit’s purchasing managers’ index (PMI) rose to 49.4 for constructors, its highest score for six months. Total construction output was mainly supported by higher levels of residential building activity in April. While sentiment is cautiously picking up in the industry, Moore warned that total new work dropped for the 11th straight month, suggesting that a turnaround will not be easy. Analysts also believe that weather could be having some effect on the industry. Link Why not to blame weather for it! Quote Link to comment Share on other sites More sharing options...
Errol Posted May 3, 2013 Share Posted May 3, 2013 Moore warned that total new work dropped for the 11th straight month So no recovery of any sort then. lol. Quote Link to comment Share on other sites More sharing options...
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