Building boom hits new heights

The UK’s lengthy building boom continued in October, according to the latest PMI report.

The seasonally adjusted purchasing managers' index (PMI) - a composite indicator of sector conditions published by CIPS and NTC Research - climbed to 58.9, to record the fastest growth in activity since July 2001. The PMI has now been above the 50 figure that indicates no change on the previous month for nearly five years.

Commercial construction activity...

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