Builders bounce back in April after a freezing March
Thursday 02 May 2013
Britain’s builders were on the mend last month as housebuilding activity perked up in April, the Chartered Institute of Purchasing and Supply said today.
Its monthly health-check showed construction output still shrinking, but at its shallowest pace for six months.
Its index, where a score under 50 signals contraction, improved to 49.4 from 47.2 in March.
While civil engineering and commercial building is still in the doldrums, residential housebuilding enjoyed its best month for a year.
The improvement partly represents a bounce back from a bitterly cold March, but CIPS chief executive David Noble said the survey was “a reasonable signal that things are a bit better in the industry”.
Official estimates showed a 2.5 per cent decline for builders during the first quarter, knocking nearly 0.2 per cent off wider economic growth.
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