UK Markit construction PMI drops further in May, misses estimates

The construction sector activity in the UK economy deteriorated further in May, although continued to remain in the expansion territory for the thirty-seventh straight month, a fresh report from Markit Economics showed on Thursday.

The final Purchasing Managers' Index (PMI) in the UK fell again to 51.2 points in May, after having dropped to 52.0 points in April. Markets had predicted a fall of 51.9 points.