Markit/CIPS data shows 鈥榬obust growth鈥 from housebuilders, while new work growth is 鈥榤arginal鈥
Housebuilding activity bounced back from the effects of the 鈥楤east from the East鈥 last month but underlying demand across the industry remained subdued, according to new Markit/CIPS data.
The latest construction purchasing managers鈥 index pushed into positive territory, recording a score of 52.5, up from March鈥檚 20-month low of 47.0.
Housebuilding returned to normal after March鈥檚 bad weather had stalled work on some sites, recording robust growth 鈥 the strongest since May last year.
Weather-related improvements were also seen for commercial building and civil engineering activity, which reported a modest return to growth after hefty declines in March.
But total new work rose 鈥渙nly marginally鈥 in April, according to Markit.
And while input cost inflation remained at the 20-month low seen in March delivery times were being put under pressure due to supply chain pressures.
Markit associate director Tim Moore said a rebound in construction activity was 鈥減retty well inevitable鈥 after March鈥檚 bad weather.
But a consistent theme so far this year had been fragile demand conditions and subdued volumes of incoming new work, he said.
鈥淩espondents to our survey noted that heightened economic uncertainty continued to hold back construction growth in April, with risk aversion among clients leading to delays with spending decisions on new projects,鈥 Moore added.
No comments yet