By Jonathan Davies

The UK's construction sector rebounded in May after falling to a near-two year low in April, according to a closely watched survey.

The Markit/CIPS construction purchasing managers' index (PMI) rose to 55.9 in May, up from 54.2 in April which was its lowest score for nearly two years. Any figure above 50 indicates growth.

Markit's Tim Moore said the outcome of the general election provided a boost to the construction industry and that a "period of policy uncertainty was no longer on the horizon".

"Additionally, construction firms experienced an upturn in new business growth from April's near two-year low and job creation was the fastest recorded so far in 2015," he added.

"However, it is far from certain whether the relief rally in construction confidence will usher in a lasting turnaround in output volumes on the ground."