UK construction output rose for the first time since the start of the year in April, driven by a strong increase in residential work, but overall activity remained subdued amid weaker demand and optimism, survey data from IHS Markit showed on Thursday. The IHS Markit/CIPS UK Construction Purchasing Managers’ Index, or PMI, climbed to 50.5 from 49.7 in March. Economists had forecast a score of 50.
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