April saw the full effects of the Middle East conflict filter into sector performance, economic outlook and newsflow. While there continued to be some resilient performances from companies reporting to 31 March, all prefaced guidance with warnings of rising cost pressure and supply chain disruption to come. The latest UK Construction PMI reading illustrated the sharpest deterioration in sector activity since the pandemic, falling to 39.7 (Mar: 45.6), the steepest contraction in five months and t ....
