UK S&P Global Construction PMI (Apr) 39.7 vs. Exp. 46.2 (Prev. 45.6)

"A rapid acceleration of input cost inflation was seen across the UK construction sector in April. Aside from the post-pandemic surge in input prices from early-2021 to mid-2022, the latest rise in purchasing costs was the steepest in three decades of data collection." "Around two-thirds of the survey panel reported higher cost burdens in April, which was overwhelmingly linked to fuel surcharges and subsequent rises in raw material prices..." "Expectations for construction activity over the next 12 months remained positive overall during April, but confidence levels were the lowest since last November."