Howard Chapman, Buildingtalk Editor, on reports that the latest Markit/CIPS shows continued expansion in UK construction activity in March.
Digital Outlook reported yesterday that UK construction activity growth held steady in March, a survey by Markit/CIPS revealed.
The purchasing managers’ index remained at 54.2, above the 50 level that separates an expansion from a contraction for the 35th consecutive month. Analysts had expected a reading of 54.1.
Connor Campbell, financial analyst at Spreadex:
“Whilst, remaining unchanged at 54.2, the UK construction PMI didn’t provide the FTSE with any cause for celebration, neither did it indicate too much cause for concern, allowing the UK index to stretch out its legs and managed a 45 point rise as the morning continued”.
However, NASDAQ reports that Tim Moore at Markit wasn’t overjoyed:
“March’s survey confirms that the UK construction sector is experiencing its weakest growth phase since the summer of 2013. Residential building has seen the greatest loss of momentum through the first quarter of 2016, which is a surprising reversal of fortunes given strong market fundamentals and its clear outperformance over the past three years.
Construction firms were reliant on a rebound in commercial building and resurgent civil engineering growth to offset the slowdown in housing activity. Civil engineering delivered its strongest performance for just over a year, suggesting that a healthy pipeline of infrastructure projects continues to boost construction output.”
Do add your comments below or respond via this Twitter link.
Delta’s new 135-page catalogue is packed full of products, featuring helpful product information which includes handy estimating guides and coverage rates.Posted in Articles, Building Industry News, Building Products & Structures, Building Services, Damp & Waterproofing, Facility Management & Building Services, Innovations & New Products, Membranes, Publications, Retrofit & Renovation
Virtually no roofing and cladding installers regard self-drilling fastener seal testing as the priority when working on building envelope installations, according to a survey by EJOT UK.Posted in Articles, Building Industry News, Building Products & Structures, Facades, Research & Materials Testing, Restoration & Refurbishment, Retrofit & Renovation, Roofs, Walls
The National Sales Director for Keyline Civils Specialist, the UK’s leading supplier of civils and drainage materials, is set to run the London Marathon.Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Charity work, Drainage, Drainage Services, Drainage, Guttering, Soffits & Fascias
ROCKWOOL has launched NyRock® Cavity Slab 032, providing specifiers with a low lambda, non-combustible stone wool slab for full and partial fill masonry cavities.Posted in Articles, Building Industry News, Building Products & Structures, Building Services, Facility Management & Building Services, Insulation, Retrofit & Renovation, Sustainability & Energy Efficiency, Walls