UK: Expect a relatively flat reading of construction PMI - TDS

Research Team at TDS, suggests that in line with the consensus, they expect a relatively flat reading in April’s construction PMI with a print of 54.2, its third month in a row at this level.

Key Quotes

“Construction activity in the UK won’t have been affected by the new buy-to-let stamp duty that came into effect on April 1st, and nor do we expect it to mimic the export-exposed manufacturing PMI (which fell to a 3-year low on Tuesday).”