PMI Index show continued growth in residential projects
The most recent publication of the monthly PMI Index revealed the figures for March.
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Following the high revealed for February’s PMI index. A continuing trend if not a mild decrease in confidence with Brexit uncertainty.
The PMI (Purchasing Manager Index) measures overall economic activity.
Housing construction, which continues to be the fastest growing for the third consecutive month, with the demand for construction workers continuing to be an issue due to the shortage of available workers.
Commercial projects also continued to show strong growth in the most recent index.
However continued to show strong positive growth, being tied less to services of other industries.