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A bounce back from weather disruption could be ‘short-lived’

The May purchasing managers’ index (PMI) IHS Markit survey on the UK construction sector showed a reading of 52.5 against expectations for 52, yet the commentary accompanying this headline did not present such a positive picture.

Any figure above 50 implies expansion and anything below this level implies contraction.

Sam Teague, economist at IHS Markit, notes activity was buoyed by firms playing catch up after unusually poor weather in March and the recovery could therefore ‘prove short-lived’.

It is also worth noting that the 52.5 result posted was only in line with the figure recorded for April.

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