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UK construction grows at fastest pace in over a year
S&P Global's UK construction PMI, which measures the industry's output every month, came in at 53 in April, improving from 50.2 the month prior and remaining above the 50 mark which separates indicates whether the sector is in decline or is expanding.
While the research found the sector was at its highest output in 14 months, the survey also indicated the housebuilding slowed at its worst rate since January.
Tim Moore, economics director at S&P Global, said: "Commercial construction outperformed in April and civil engineering also provided a solid contribution to overall growth.
"Lacklustre market conditions in the house building segment continued to weigh on activity."
Tim has 40 years’ international senior level business experience in high growth biotech, healthcare and technology companies. He is also Chairman of Incanthera plc and 4basebio plc. Tim was formerly CEO and CFO of a number of UK public listed and private companies including, including Alizyme plc and Peptide Therapeutics Group plc, and has a core understanding of AIM and its regulatory processes. Co-founding a number of healthcare and biotechnology companies, he has helped raise substantial amounts of equity capital and also advised and worked at Board level for a diverse range of companies internationally, in areas such as business strategy, mergers & acquisitions, due diligence and licensing. And then they went bust