UK construction PMI unchanged in March

The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) printed at 54.2, beating the estimate of 54.00.

Key points

The latest reading was unchanged since February and indicated the joint-slowest rate of output growth since June 2013

Slower growth of incoming new work continued to act as a brake on construction output in March

The rate of employment growth eased to its slowest since June 2013