UK PMI construction rose to 56.3, overall cost inflation eased

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UK PMI construction rose to 56.3, overall cost inflation eased

UK PMI Construction rose from 54.3 to 56.3 in January, above expectation of 54.3. Markit said the sector gained momentum after subdued end to 2021. Commercial activity helped to offset weaker rise in house building. Cost inflation dipped to 10-month low as supply issues eased. Tim Moore, Director at IHS Markit said: “UK construction companies […]

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Source: UK PMI construction rose to 56.3, overall cost inflation eased