A positive end to 2016 for UK Construction

A positive end to 2016 for UK Construction

An upbeat report from Markit/CIPS details results which show that the UK construction industry enjoyed the fastest growth in new orders in almost a year in December. It also comes a day after a strong survey for the manufacturing sector, where activity hit a two-and-a-half-year high last month. Together they paint a better economic picture than many had expected following the Brexit vote in June.

The construction purchasing managers’ index rose to 54.2 in December from 52.8 in November, signalling stronger expansion. Improving order books and a general rebound in business conditions helped lift construction output to the highest level since March, the report said.

Residential building activity remained the best performing sub-category at the end of 2016. Moreover, the latest expansion of housing activity was the fastest since January. Work on civil engineering projects also picked up at a robust pace in December, while commercial construction increased only marginally.

Read the full report here

Categories: Latest News, News

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