Growth in housebuilding activity slowed in March

By Dave Rogers and Joey Gardiner2022-04-06T09:40:00

Construction sector confidence slumps to 17 month low accoridng to latest data from purchasing managers

Escalating inflation and the impact of the war in Ukraine took the gloss off another rise in construction output with confidence in the sector sagging to a near 18 month low.

The latest PMI data drawn up by IHS Markit and CIPS said total activity for March stood at 59.1, unchanged from the month before.

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