By Experian Economics2018-07-03T16:46:00
Overall activity levels slipped closer to the no-growth point, although repairs and maintenance were up. New orders kept on growing strongly, but new enquiries less so.
The total activity index fell five points closer to the no-growth level in May, at 53. In contrast, the repairs and maintenance activity index jumped 10 points to 51, ending six months of decreases.
The residential activity index ticked up by two points and reached 58, making it the highest of the three sectors. The non-residential index plunged 17 points into negative territory for the first time since January 2017. Civil engineering also experienced a sizeable decline, of 11 points, but remained in positive territory at 54.
Both orders and tender enquiries indices remained strong despite diverging slightly. The orders index grew by three points to 70, whereas tender enquiries ticked down a point to 60.
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