Index hints at 'new dawn' for construction in the UK

Britain’s housebuilding bounce-back helped cement the biggest rise in construction output for more than a year last month in the latest sign of a “new dawn” for the sector.

The closely-watched Markit/CIPS construction purchasing managers’ index (PMI) showed a reading of 51 in June – above the 50 level which separates growth from contraction and the highest level since May 2012.