The downturn in the UK's construction sector showed signs of easing in May, according to a closely-watched survey published on Thursday.

The latest S&P Global UK construction purchasing managers index was 47.9 in May, still in negative territory but up from April's 46.6 and the slowest pace of contraction since January.

It was also ahead of consensus, for 47.2.

A reading below the neutral 50.0 benchmark indicates contraction, while one above it suggests growth. 

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The proposed new T3 port area aims to attract investment, trade, and jobs to the region via tax incentives. 

UK-based port operator Forth Ports has revealed plans to expand the Port of Tilbury with a new 100-acre development known as Tilbury3 (T3), which is set to enhance the Thames-based port and industrial complex. Forth Ports has submitted an outline planning application to Thurrock Council for the redevelopment of the brownfield site adjacent to T2. The proposed new T3 port area is part of the Thames Freeport and aims to attract investment, trade, and jobs to the region by leveraging tax site incentives. Read more here...

Leader of Liverpool Council adds his voice to support as Metro Mayors present plan to government. 

A proposed new rail line between Liverpool and Manchester would be “absolutely transformational” for two of Britain’s “most famous and globally significant cities” according to the leader of Liverpool Council. Mayors Steve Rotheram and Andy Burnham have called on the government to back plans for the construction of a new Liverpool-Manchester railway to underpin wider proposals for a “Northern Arc.”

 

The leaders of the Liverpool City Region and Greater Manchester combined authorities are presenting a report to government officials outlining how the new line - which would stretch from Liverpool Lime Street to Manchester Piccadilly - could deliver a £15bn boost to the economy. Mr Rotheram and Mr Burnham will ask for the government to make good on proposals for £17bn allocated for the rail link last year. Read more here...

Graham Construction has been appointed the main contractor for the initial phase of a £90M deep-water terminal in Belfast, with work on the project due to start this week.

The new deep-water terminal at Belfast Harbour will be able to accommodate some of the world’s largest cruise vessels, while also expanding the port’s capacity for offshore wind turbine assembly and installation. It will feature a new 340m long dual-purpose quay and deep-water berth. Read more here...