U.K. construction index rise, indicating expansion

Source: Bloomberg
© Scanpix/Reuters
U.K. construction activity index unexpectedly rose to 50.8 in May from 49.4 a month ago, indicating a growth in the sector. It was the first time the sector grew since October 2012. The index increased due to expanding residential activity, while civil engineering and commercial construction output contracted. Rising construction output is expected to support economic growth in Q2 2013.
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