February brought an improvement in demand for Britain’s construction sector, helping the rate of new business growth reach its fastest since May 2023. At 49.7 in February, S&P Global’s UK Construction Purchasing Managers Index (PMI) was up from 48.8 in January. Housebuilding saw a near-stabilisation of business activity, the financial information firm noted, while residential and commercial construction also saw improving market conditions. “A stabilisation in house building meant that UK construction outpu ...