Construction growth slowed down in April as indicated in the PMI report. The construction PMI was at a level of 54.2, down from 57.8 in March. This is the weakest rise in 22 months, since June 2013.
Other key points include:
- Robust pace of new job creation, despite slower rise in new orders.
- Sharpest increase in sub-contractor prices since 1997.
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