Recovery slows as storm clouds gather over construction

Construction buyers reported another strong rise in output in April – but the speed of recovery lost momentum as storm clouds continue to gather over the industry.
Higher costs and worries about the economic outlook started to act as a brake on demand while the degree of optimism about future workloads sunk to the lowest since September 2020.
The bellwether S&P Global / CIPS UK Construction Purchasing Managers’ Index hit 58.2 in April – down from 59.1 in March.It was still