House-building turn-around sees PMI stabilise
The heading S&P Global UK Construction Purchasing Managers' Index (PMI) stays in unfavorable development area, at 49.7 for February (up from 48.8 in January), however only simply listed below the 50.0 no-change mark and its greatest level given that August 2023.
Just limited, the rate of brand-new company development was the fastest given that May 2023 and company optimism enhanced for the 3rd time in the previous 4 months to reach its greatest level given that January 2022.
The rate of task shedding was the fastest considering that November 2020.
All 3 primary classifications of building and construction activity saw a near-stabilisation of organization activity in February. House-building saw the greatest turn-around given that January, with its index at 49.8, up from 44.2 and its gr...