Construction PMI stronger than expected

City A.M. Reporter
The pace of activity in Britain's construction sector slowed only marginally in March from February's eight-month high, a monthly purchasing managers' survey showed.

The Markit/CIPS construction PMI index eased to 56.4 in March from 56.5 in February.

Construction makes up about six per cent of British economic output, and Monday's data follows a bigger-than-expected fall in the equivalent manufacturing survey last Friday, due to weak domestic consumer demand.