UK March construction PMI 61.7 vs 55.0 expected

By Justin Low4 days ago

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Latest data released by Markit/CIPS - 8 March 2021

  • Prior 53.3

That's a major beat as construction activity saw a robust rise in all major sub-sectors last month, with output growth the strongest since September 2014.

Housebuilding was the leading sub-sector, posting its quickest growth since July 2020 with strong increases also seen in commercial and civil engineering activity. Improving client demand and new project starts were key to the jump in March.

Markit notes that:

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