Tuesday, 10 March 2015

UK construction industry reports strong growth in February

The latest Markit/CIPS purchasing managers' index (PMI) has reported that activity in the UK's construction industry increased during February.

The index rose by a point to 60.1, its highest level since October 2014. Any score above 50 indicates growth in the market.

The housing, commercial and civil engineering sectors all showed signs of accelerating growth.

Commenting on the construction figures, Tim Moore, Markit's senior economist, said: "The latest survey highlights renewed vitality within the UK construction sector, as output growth picked up further from the soft patch seen at the end of 2014.

"However, some construction companies noted that the uncertain general election outcome could prove a temporary bump in the road for new work."

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