UK Markit construction PMI to rise

UK construction PMI peaked at a high level in 2014, driven by a surge in housing construction. That has cooled, as has the temporary surge in infrastructure constructionfuelled by a need to rebuild flood defences in parts of southern England. 

"But the shock May election result saw a housing-friendly Conservative administration come to power. This should lead to a post-election increase in housing construction which should push up the PMI from 55.9 to 56.5", states Societe Generale.