2 May 2001, 12:40  UK construction activity continued expansion in April - CIPS

LONDON (AFX) - The UK construction sector continued to expand in April, according to the latest survey of the sector from the Chartered Institute of Purchasing and Supply. The CIPS reported that its headline activity index stood at 57.3 in April, for the twenty seventh straight month of expansion. The index was at 56.9 in February. The pace of growth in April was at a three month high, but well below the peak seen in March 2000. The following table provides a breakdown of the results of the survey. A reading above 50 signals expansion, below it contraction. The greater the divergence, the more rapid the rate of change.

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