Mubasher: Construction activity in the UK rose to 53.1 points in November, from 50.8 points in October, registering its highest level in five months.
The growth in sector was attributed to a rise in homebuilding activity, data of IHS Markit, Purchasing Managers’ Index (PMI) showed.
“UK construction companies experienced a solid yet uneven improvement in business conditions during November,” Associate Director at IHS Markit and author of the IHS Markit/CIPS Construction PMI, Tim Moore said.
“Once again, resilient house building growth helped to offset lower volumes of commercial work and civil engineering activity,” Moore added.
“At last the construction sector, has picked its feet up with the biggest overall improvement in five months, underpinned by a moderate rise in new orders, but the strongest since June,” Director of Customer Relationships at the Chartered Institute of Procurement & Supply, Duncan Brock stated.
“It appears that policy support and a small recovery in the UK economy has boosted sentiment and encouraged clients to come out of their shells and start building again,” Brock added.
“The housing sector was the primary driver of growth increasing at the fastest rate for almost half a year, however it is private sector companies that need to commit to big ticket spending, with commercial development still underperforming as persistent Brexit uncertainty continues to bite,” Brock concluded.
