Construction PMI growth in Britain hits 4-month high

British construction activity grew at the fastest pace in four months in November, spurred by house-building and commercial work, though Brexit worries weighed on firms’ outlook for the coming year, a survey showed yesterday.

The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 53.4 from 53.2 in October, confounding the consensus forecast for a fall to 52.5 in a Reuters poll of economists.

The IHS Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) rose to 53.4 from 53.2 in October.