Construction confidence at 9 year high

The Markit/CIPS UK Construction Purchasing Managers' Index rebounded in May from a near two-year low in April. The Index rose to 55.9, from 54.2 a month earlier, as confidence levels hit a nine-year high. Markit's Tim Moore said that result meant a "period of policy uncertainty was no longer on the horizon." He also noted that: "Additionally, construction firms experienced an upturn in new business growth from April's near two-year low and job creation was the fastest recorded so far in 2015."