Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy

Construction PMI rises to 8-month high

Industry data has shown activity within the construction sector has expanded at the quickest rate in eight months fuelling optimism over the UK's economic outlook.

Strong output growth was maintained across the sector throughout September and has been supported by sharp rises in housing, commercial and civil engineering activities.

In a recent report, Markit and the Chartered Institute of Purchasing & Supply said that their U.K. construction purchasing managers' index increased to a seasonally adjusted 64.2 last month from a reading of 64.0 in August.

Commenting on the report, Tim Moore, senior economist at Markit and author the report, said, 'U.K. construction firms experienced a sustained and strong output recovery during September, in contrast to the weakening picture seen across the manufacturing sector at the end of this summer."

Written by Nick Dereka, Head of Digital, Prime People Plc.