Strong construction output growth in October but caution remains

Latest News Wed, Mar 23, 2016 9:17 AM

Strong construction output growth in October but caution remains

The UK's construction sector grew across all three sectors in October - but only commercial building increased the pace of growth compared with September.

Markit PMI for the industry registered 58.8 in October, down from 59.9 in September but comfortably above the contraction threshold. This marks two-and-a-half years of sustained output growth.

While the pace of expansion was weaker than in 2014, the latest survey was "comfortably" ahead of the pre-election low experienced in April of this year.

Housing activity dropped back from September's 12-month high, while civil engineering had the weakest growth since May. However commercial building work increased at the sharpest rate in eight months.

Companies in the sector were "highly upbeat about their prospects for the next 12 months", with 59 per cent predicting a rise in business activity and only seven per cent expecting a decline.

Tim Moore, senior economist at Markit and author of the survey, said: “October’s survey indicates that the UK construction sector remains firmly in expansion mode, although commercial building work was the only category to experience faster growth than in September.

“Another relatively buoyant construction PMI reading indicates that the sector remains in rude health. Rather than acting as a drag on the economy, as suggested by recent GDP estimates, the sector is continuing to act as an important driving force behind the ongoing UK economic upturn."

Featured News

Specification news
New report asks why councils and housing associations...

The Housing Forum has today published a new report Procurement – the price we pay,...

Read More >>

Specification news
BESA aims to measure safety culture ‘in practice’

The Building Engineering Services Association (BESA) has launched its third annual...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

Master Catalogue Brochure

Master Catalogue
By F.H. Brundle

Download Now >>

Paints & Coatings Brochure

Paints & Coatings
By F.H. Brundle

Download Now >>

Cedral Roofs Brochure Brochure

Cedral Roofs Brochur...
By Cedral by Etex

Download Now >>

Cedral Facades Brochure Brochure

Cedral Facades Broch...
By Cedral by Etex

Download Now >>

2026 Product Brochure Brochure

2026 Product Brochur...
By ​The Radiator Compan...

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

Cedral Birkdale
Cedral Birkdale

Cedral - Birkdale fibre cement slate has a smooth surface and dressed edges. It offers a traditional...

Read More >>

Cedral Thrutone Smooth
Cedral Thrutone Smooth

Cedral - Thrutone Smooth are a low-profile fibre cement slate that features a smooth surface and...

Read More >>

Cedral Rivendale
Cedral Rivendale

Cedral - Rivendale slates are designed to reflect the qualities of natural slate. Available in...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Fortitude™ Steel Railing Systems: Adjustable Off-the-Shelf Balustrade Guide
Fortitude™ Steel Railing Systems: Adjustable Off-the-Shelf Balustrade Guide

Fortitude Steel Railings and Balustrades are one of the most versatile, off-the-shelf, steel...

Watch Now >>

Pro-Railing® Stainless Steel Handrail Systems: 6 Modern Balustrade & Glass Railing Solutions
Pro-Railing® Stainless Steel Handrail Systems: 6 Modern Balustrade & Glass Railing Solutions

Pro-Railing® – our Stainless Steel Handrail Component System with six stunning ranges to choose...

Watch Now >>

Why Professionals Choose Outdure QwickBuild | Aluminium Deck Frame Case Study
Why Professionals Choose Outdure QwickBuild | Aluminium Deck Frame Case Study

This case study explores a stunning designer terrace featuring the Outdure QwickBuild system,...

Watch Now >>