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U.K. construction growth remains strong despite slight easing

  • U.K. construction PMI slipped to 62.5 in March from 62.6 in February and missed consensus for a rise to 63.
  • An increase in residential construction was one of the sharpest experienced over the past ten years and helped drive overall growth in the sector, while employment continued to expand. Confidence about the 12-month outlook hit the highest level since January 2007. However, supplier capacity remains a concern that could hold the sector back along with rising costs.
  • The pound is +0.1% to $1.6649, while the FTSE 100 is +0.1%. (PR)
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