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Housing Today
Trusted media brand of the Chartered Institute of Housing
Housebuilding leads drop in activity in dismal PMI data
Sharp rise in cost inflation also recorded amid global uncertainty
Business activity decreased in April and cost inflation hit its highest level since June 2022, according to the latest construction PMI data.
S&P Global’s purchasing managers’ index, which tracks changes in activity, registered 39.7 in the month, down from 45.6 in March.
The latest output reading was the weakest for five months, with civil engineering and housebuilding registering the steepest declines and commercial work comparatively resilient.
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