UK Construction Activity Increases

For the first time since August 2010, all three of the UK construction sub-sectors enjoyed an increase in activity during January, according to the Markit/CIPS UK Construction PMI. The figures show that the index climbed to 53....

For the first time since August 2010, all three of the UK construction sub-sectors enjoyed an increase in activity during January, according to the Markit/CIPS UK Construction PMI.

The figures show that the index climbed to 53.7 over the course of the month, up from 49.1 in December.

Markit Economics says that the improved outlook and increase in activity is a result of the better weather conditions in the country at the start of the year, twinned with a jump in the level of new business.

However, despite the rise in new orders and activity, employment in the construction industry dropped once again.

Chris Williamson, chief economist at Markit said: "The UK construction sector showed a welcome bounce-back from the snow-related drop in activity late last year. However, after estimating for the boost to activity in January resulting from the disruption to workflows in December, the underlying growth trend remains only very modest and well below the surging pace seen in the second quarter of last year."

- Friday 04 February 2011

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