The construction sector avoided another slowdown in April as housebuilding grew at its fastest pace in five months.
The IHS Markit/CIPS purchasing managers’ index rose to 50.5, above the neutral 50 threshold and forecasts of 50.3, and better than March’s reading of 49.7. Although housebuilding activity expanded, commercial work and civil engineering activity continued to decline.
A number of firms said uncertainty over Brexit was forcing clients to delay spending decisions.
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Including:
Newcastle is home to the first quarter’s biggest deal with DWP’s 170,000 sq ft pre-let
Peter Bill on the “impending damnation of property portals”
Agency’s top team says firm will be more resilient now than in the GFC
Majority of boroughs did not start a single residential development in the first quarter of this year
