India, June 5 -- The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday.
The construction Purchasing Managers' Index posted 47.9 in May, up from 46.6 in April. The indicator suggested the slowest reduction in output volumes since January.
House building was the weakest-performing segment in May amid ongoing reports of subdued demand conditions. Civil engineering also contracted the most in five months. Meanwhile, commercial work dropped at the slowest pace since January.
The survey showed that new work dropped again in May but at the least marked pace in four months. Respondents attributed the fall to delayed decision-making am...