The UK construction industry returned to growth in March after contracting for six months, in accordance to a intently watched survey.
S&P Global’s construction buying managers’ index rose to 50.2 from 49.7 in February. This is the primary time the index has risen above 50, the extent that separates growth from contraction, since August final yr.
Civil engineering was the perfect performing phase, whereas housebuilding and business exercise had been broadly unchanged from February, S&P Global mentioned.
The March survey recorded the strongest enhance in new orders for the industry since May 2023, it mentioned, with survey respondents citing “a turnaround in sales pipelines and greater new business inquiries linked to the improving economic outlook and more stable financial conditions”.
