Builders suffer worsening deliveries
28 August 2012
Worsening delivery delays and rising input prices are highlighted in the latest CIPS/NTC Research purchasing managers' index report on construction.
Suppliers' delivery times deteriorated for the third consecutive month in March, falling to a new low of 41.6, from February's 45.3, and well below the 50 mark that indicates no change on the previous month.
This was driven by shortages in key materials, such as steel and cement, and companies increasing purchasing quantities for the twenty-eighth consecutive...