Wednesday 5 February 2014

Construction index hits post-crunch peak

The Markit/CIPS Construction Purchasing Managers’ Index moved up 64.6 in January from 623.1 in December, marking well above average growth in the sector and the highest it has moved since August 2007. The data was roughly consistent with housebuilding growing by about 4,000 a month, or at an annualised rate of 48,000. David Noble, CEO at the CIPS, said “The construction industry has started 2014 in formidable fashion, enjoying its strongest growth in six-and-a-half years reinforced by a sharp rise in new business orders”.

The Daily Telegraph, Business, Page: 3    Financial Times   The Times, Page: 36   Daily Mail, Page: 65     The Guardian, Page: 24

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