UK construction PMI arrives a tad firmer at 49.7 in March, misses estimates

The construction sector activity in the UK remained in the contraction territory last month, the latest survey report from Markit Economics showed this Tuesday.

The final Purchasing Managers' Index (PMI) came in at 49.7 in March, up from 49.5 recorded in February but missed the consensus estimates pointing to a reading of 49.8.