2 March 2007, 13:32 UK Feb construction sector PMI 57.3
UK construction sector growth slowed slightly in February, with input price inflation touching an 18-month low, the Chartered Institute of Purchasing and Supply said.
The headline purchasing managers index fell to 57.3 in February from an eleven-month high of 57.9 in January, CIPS said.
A reading above 50 indicates expansion.
The sub-indices for employment and delivery times rose, while total activity and new orders were lower. Input prices slowed but remained at a very high level.
"Activity in the construction sector remained robust in February with commercial construction growth accelerating to a four- month high," said Roy Acliffe, director of Professional Practice at the CIPS.
"Purchasing managers reported that the upturn in new work was a result of the adverse weather conditions seen in January, which helped fuel a rise in employment levels," he said.
However, despite input price inflation falling to its lowest rate in a year and a half, purchasing managers continued to report strong growth in their average costs, Acliffe noted.
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