Economic Buzz: UK Construction Sector Rises In April

UK construction sector Purchasing Managers Index rose to 52.5 in April from a 20-month low of 47.0 due to the weather-related disruptions seen in March, survey data from IHS Markit showed Wednesday. The latest reading was the highest since November 2017 and well above the forecast of 50.5. Residential work was by far the best performing category of construction activity in April. Weather-related improvements were also seen for commercial building and civil engineering activity.