UK Construction Growth Output hits six year high

The latest Markit/CIPS UK Construction Purchasing Managers’ Index recorded its sixth monthly rise in a row last month, jumping from 58.9 in September to 59.4 in October.

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David Noble, Chief Executive Officer at the Chartered Institute of Purchasing & Supply, said: “The future is looking bright for the UK construction industry as it soars into the final quarter with its strongest performance in over six years, boosted by a strengthening surge in activity broadening out across all sectors.

“Housing remains the key driver of the ever-strengthening rebound in October, but with civil engineering and commercial works continuing to bolster their expansion. Particularly impressive is the commercial sector, which registered the fastest rate of growth since April 2012.

For more information, head over to Construction Enquirer.

(Source: Construction Enquirer)

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