Construction growth gathers pace
28 August 2012
UK construction activity rose at the fastest rate since April last month, according to September’s purchasing managers' index (PMI) report.
The PMI - a composite indicator of overall sector conditions, in which 50 indicates no change on the previous month - rose to 56.8 from 55.8 in August.
Activity rose in all three sectors of the construction economy. Housebuilders enjoyed accelerating growth for the first time in three months, with the housing activity index rising to 57.
The increasing...