UK construction costs rise sharply as activity slows
UK construction costs rose at the fastest pace since 2022 in April as supply chains faced war-related delays. Activity fell to 39.7 amid a drop in new orders.
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United Kingdom construction costs surged to 81.4 in April, marking the second-biggest month-on-month jump in input inflation since records began in 1997. The headline construction PMI fell to 39.7 from 45.6, its lowest since November and below all economist expectations. Supply disruptions and war-driven cost pressures may prompt the Bank of England to consider rate increases.
