PMI reports UK construction growth in November but costs rising

  • 5 Dec 2016

howardchapmanHoward Chapman, Buildingtalk Editor, looks at the latest construction PMI report of a return to growth in the UK Construction industry.

According to the latest Markit/CIPS UK Construction Purchasing Managers’ Index (PMI), the UK construction industry reached a better than expected eight-month high in November. However, costs are growing at the fastest pace since 2011, fuelled by the post Brexit vote drop in sterling.

Companies also reported the resumption of some major projects delayed after the Brexit vote and construction jobs growth hit a six-month high. There are concerns about the build-up of inflationary pressures, uncertainties over the long term impact of Brexit, and problems created by the skills shortage in the UK.

Bloomberg reported that though construction activity in the UK grew, companies warned that rising costs are squeezing their profit margins.

PMI index rise

The PMI index rise last month was underpinned by increased commercial and civil engineering work as well as growth in house building. Tim Moore, a senior economist at Markit said “UK construction companies experienced a steady recovery in business activity during November, which continues the rebound from the downturn seen over the third quarter of 2016”.

 

 

 

Leave a Reply

Latest news

Sika

Sika invests in its industrial sealant offering

Leading building chemicals specialist, Sika, has appointed Dean Bell to the role of Technical Engineer for Sealing and Bonding.

Posted in Articles, Building Industry News, Building Products & Structures, Recruitment, Retrofit & Renovation, Walls

CTD

CTD Architectural Tiles gets to work on latest office refurbishment

CTD Architectural Tiles has curated a bespoke tile package for the refurbishment of Birmingham’s landmark 54 Hagley Road shared office building.

Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Floors, Interior Design & Construction, Interiors, Restoration & Refurbishment, Retrofit & Renovation, Timber Buildings and Timber Products, Walls

Abloy

Prestigious GAI accolade for Abloy UK’s Roy Buckingham

Abloy UK is proud to announce Roy Buckingham, Regional Specification Development Manager – London & South East, has been given the Customer Focus Award at the new GAI Community Awards.

Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Awards, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Doors, Health & Safety, Security and Fire Protection

ASSA ABLOY

ASSA ABLOY Openings Studio™ software features at Dubai development

At Six Senses, The Palm, Dubai – a 5-star hotel and branded residences – partners were sought to streamline BIM and hardware specification. They chose ASSA ABLOY Opening Solutions experts and software.

Posted in Architectural Ironmongery, Articles, BIM, Infrastructure & CAD Software, Building Industry News, Building Products & Structures, Building Services, Building Systems, Case Studies, Doors, Facility Management & Building Services, Health & Safety, Information Technology, Posts, Retrofit & Renovation, Steel and Structural Frames, Timber Buildings and Timber Products