UK construction PMI likely increased marginally - TDS

Research Team at TDS, expects to see a small increase UK construction PMI from 54.2 to 54.6, compared with a consensus decline to 54.0 for the month of March.

Key Quotes

“While higher house prices likely provided some support to the construction PMI in March, worries over the EU Referendum may have weighed on confidence, like we saw in last week’s manufacturing PMI. We think scope for this is somewhat smaller than in the Europe-exposed manufacturing sector, however, and see upside to consensus.”