UK construction PMI hit 10-month low in February

Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) came-in at the 10-month low of 54.2 in February, down from 55.0 in January.

Key points

The latest rise in housing activity was the slowest recorded since June 2013

Jobs growth moderates to a 2½ year low

Input cost inflation moderated in February and was close to its lowest seen over the past three years