UK February Construction PMI Rose Slightly to 51.4

Activity in the U.K.’s construction sector accelerated slightly in February from January’s four-month low but growth remained subdued, a survey showed Friday.

Financial-information company IHS Markit said its purchasing managers’ index for the construction industry rose to 51.4 in February, up from 50.2 a month earlier.

The 50-point mark separates expansion from contraction.

“Fragile business confidence, entrenched political uncertainty and softer housing market conditions [were] all factors keeping growth in the slow lane,” Tim Moore, associate director at IHS Markit, said.
Source: Dow Jones

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