UK construction sector sees strong growth in December

Author: Spencer Ogden
Date posted06/Jan/2017
Author: Spencer Ogden
According to the latest Markit/CIPS UK Construction Purchasing Managers' Index, UK construction companies recorded the fastest rise in new order volumes for 11 months in December 2016.

Healthy business activity was mainly due to stronger demand patterns that resulted in sustained job creation, with residential building activity the best performing sub-category. 

December data suggested that exchange rate depreciation was responsible for driving input prices across the UK construction sector. 

"Strong pipelines of new work were reported across all sub-sectors, and construction firms showed improved confidence after the impacts of uncertainty around the EU referendum,” commented CIPS chief executive David Noble. 

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