Home Commercial Property UK construction industry shows ‘impressive turnaround’

UK construction industry shows ‘impressive turnaround’

by Purvai Dua
2nd Aug 18 12:26 pm

UK’s construction sector gained momentum in July and grew at its fastest rate in over a year, the IHS Markit/CIPS construction Purchasing Managers’ Index showed today.

Beating all forecasts, the PMI jumped to 55.8 from June’s reading of 53.1.

“July data reveal an impressive turnaround,” IHS Markit economist Tim Moore said.

He added: “While the recent rebound in construction work has been flattered by its recovery from a low base earlier in 2018, there are also signs that underlying demand conditions have picked up this summer.

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