020 7898 0500The unusually bad weather conditions that the UK has faced in recent times had a significant negative impact on the UK construction industry in March. PMI figures released yesterday came in way below expectations at 47 against a forecast of 50.9.
Inclement weather has been held responsible and the fact that employment growth accelerated to a three-month high and business expectations hit a nine-month high appears to suggest the sector will pick up before long.
Today we have new car sales for March and the Markit services PMI for the same month. The latter reading is expected to dip slightly, from 54.5 in February to 54.
