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UK construction growth rises in May

Wednesday, 4 June 2014



LONDON, June 3 (Xinhua): British construction output increased sharply in May, but the pace of expansion eased to the slowest since October 2013, Markit said on Tuesday.
The British construction purchasing managers index dipped to 60 in May, its lowest level in seven months, from 60.8 in April, said the London-based survey compiler.
Residential buildings remained the strongest performing area of activity, despite the pace of growth easing slightly to a three-month low, said Markit.
Civil engineering output increased at a robust rate that was faster than in April. But commercial building output grew at its slowest in seven months.
The construction sector dominates the British economy, contributing around 6.3 per cent of the GDP, according to the Office of National Statistics.