Sharpest overall rise in construction output since November 2017

The latest IHS Markit/CIPS UK Construction Purchasing Managers’ Index rose to 53.1 in June, up on 52.5 in May and against the no-change reading of 50, signalling the sharpest overall rise in construction output since November 2017. Duncan Brock, group director at CIPS, said: “With the fastest rise in new orders since May 2017, it…

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Construction output rise is led by housing

The Latest IHS Markit/CIPS Construction PMI report – November 2017 rose to 53.1, up from 50.8 in October and beating forecasts of 51.2. The report out today headlines ‘Construction output rises at fastest pace for five months, led by housing’, the report mentions that the improvement in construction growth was largely confined to residential work.…

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