As official figures point to decline, Markit/CIPS survey suggests the good times are back
The latest construction survey from Markit/CIPS points once again to an industry firmly in growth. Its main PMI indicator for April reads 55.8, with 50 being no growth. This reading will put more heat into the row over whether the official statistics that show construction in recession provide a fair reading. Although the Markit/CIPS survey shows suggests a slight relaxation in growth when compared with last month’s reading, it continues a trend that points to pretty respectable growth. The recent readings…