UK construction sector hits new high
29 August 2012
Construction activity rose for the forty-fifth consecutive month in August, according to the latest construction purchasing managers’ index (PMI).
The overall PMI –a composite indicator in which 50 indicates no change-climbed to 57.4, its highest level in 16 months.
Growth was driven by strong activity in the commercial sector. The seasonally adjusted commercial activity index was 62.0, indicating buoyant growth.
However, housing activity grew at only a marginal pace and civil engineering suffered a...