Latest News Wed, Mar 23, 2016 9:17 AM
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
The Passive Fire Knowledge Group (PFKG) has published three new Knowledge Shares to...
Investor sentiment towards UK infrastructure continued to strengthen in 2Q2026,...
BUILDING PRODUCT LIBRARY - LATEST BROCHURES
Master Catalogue
By F.H. Brundle
Paints & Coatings
By F.H. Brundle
Cedral Roofs Brochur...
By Cedral by Etex
Cedral Facades Broch...
By Cedral by Etex
2026 Product Brochur...
By The Radiator Compan...
BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS
Cedral - Birkdale fibre cement slate has a smooth surface and dressed edges. It offers a traditional...
Cedral - Thrutone Smooth are a low-profile fibre cement slate that features a smooth surface and...
Cedral - Rivendale slates are designed to reflect the qualities of natural slate. Available in...
CONSTRUCTION VIDEOS - LATEST VIDEOS
Fortitude Steel Railings and Balustrades are one of the most versatile, off-the-shelf, steel...
Pro-Railing® – our Stainless Steel Handrail Component System with six stunning ranges to choose...
This case study explores a stunning designer terrace featuring the Outdure QwickBuild system,...