|Shout about it from the rooftops, the |
construction sector is on the up!
The Markit/CIPS purchasing managers’ index is something we update you on every month, and we are pleased to inform you that it jumped to 59.1 in August from 57 in July. Any reading above 50 signals growth, and the index is now at its highest level since September 2007.
The increase has even surprised some analysts, who had predicted a small decline, but were encouraged that the figures confirms the healthy signs of a continuing and accelerating economic recovery.
“A new dawn is breaking in construction” said David Noble of CIPS. “Builders have seen a step change in recent months, and are now starting to show their true potential to the UK economy”.
The rise in construction activity last month was mainly thanks to the residential sector but civil engineering and commercial projects also helped.
The Markit/CIPS snapshot of manufacturing also showed firms’ order books were at their strongest in 20 years in August.
With news that order books are strong and with builders merchants much busier, it is also natural that the recent Reed Job Index revealed Construction as the strongest growing job sector too. Many companies are feeling more confident about recruiting, and people more willing to develop their careers, many of which have been on hold for some time due to uncertainty.
Take a look at the best construction sales jobs in the UK or contact us if you are a looking to recruit. Pinnacle Consulting 01480 405225