UK Construction Industry Grows at Fastest Pace in 14 Months

Construction PMI adds to signs of UK economy bouncing back
S&P Global points to sector’s growing confidence in recovery

Scaffolding outside new homes being built at a residential property construction site in Braintree, UK.Photographer: Chris Ratcliffe/Bloomberg

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By Tom Rees

May 7, 2024 at 9:29 AM UTC

This article is for subscribers only.

Britain’s construction industry expanded at its fastest pace in 14 months in April, adding to confidence the economy is rebounding from a recession.

The construction purchasing managers’ index jumped to 53 in April, up from 50.2 the previous month, S&P Global said Tuesday. It was well above economists’ expectations of 50.4, with any score above 50 signaling growth.