Commercial builders lead record growth
28 August 2012
Rising oil and shortages of raw materials drove up input price inflation for UK builders to yet another record high in June.
According to the latest purchasing managers' index (PMI) from CIPS and NTC Research, the seasonally adjusted PMI, a composite indicator of sector conditions, registered growth at 56.6, compared to 56.3 in May, signalling a slight acceleration in the rate of growth
An index of 50 indicates no change on the previous month.
'Once again, this took the index...