Construction output growth hits seven-month high

New figures show that the UK’s construction sector reported its sharpest rise in output since November of last year. IHS Markit’s monthly purchasing managers’ index (PMI) came in at 53.1 in June, up from 52.5 in May and above the 50.0 no-change value for the third month in a row. Readings above 50 indicate growth. The solid performance, which saw the strongest rise in new orders since May 2017, was fuelled by a rise in commercial building, which has expanded at its fastest pace in four months, as well as the continued success of residential work which remains the best performing area of activity in the sector.

The Guardian (03//07/2018)   Financial Times (03/07/2018)