PMI: UK construction growth accelerates again in August thanks to cheaper energy September 2, 2015 The UK’s construction sector expanded at a faster pace in August, according to survey data released today. Markit’s construction purchasing managers’ index ticked up to a score of 57.3 from July’s 57.1, moving further above 50 “no change” mark. Higher levels of business activity have now been recorded in every month since May 2013 – although [...]
Construction drop casts more doubt on Eurozone growth August 19, 2015 The Eurozone's construction sector stumbled in June, with output down 1.9 per cent compared with May. On the year, construction was down 2.4 per cent, according to the figures released this morning by Eurostat. The sharpest monthly fall in the 19-member currency-bloc was in Germany at 4.5 per cent, which was followed by France. Greece [...]
UK housing: Skills shortages forcing construction firms to turn down building work August 19, 2015 Is a skills shortage fuelling the UK housing market's supply issues? Research published today suggests that two-thirds (66 per cent) of small and medium construction firms have had to turn down work because they don't have the staff to carry it out, according to the Federation of Master Buildings. London has the biggest [...]
Markit UK construction PMI: Growth loses momentum in July August 4, 2015 The UK's construction sector unexpectedly lost momentum in July as growth in housebuilding and civil engineering slowed. The widely watched Markit/CIPS UK construction purchasing managers’ index (PMI) slowed to 57.1 in July, from 58.1 a month earlier, also missing economists' expectations for a reading of 58.4. Any number above the crucial 50 mark implies expansion. Growth [...]
More delays? Network Rail submits planning application for a year of construction works at Waterloo Station July 27, 2015 Regular travelers to Waterloo Station should brace themselves: Network Rail has just submitted its first planning application for upgrade works. If it's approved, the works will go on for a year from November. Read more: How new train delay compensation rules will confuse commuters even more The works will include upgrades to the area around the [...]
David Cameron’s housing construction shake-up fails to build market confidence: Experts disagree residential planning overhaul is game changer July 12, 2015 Housing developers had a bit of a rollercoaster ride last week. First the Budget rocked shares, with changes to tax relief on buy-to-let mortgages – and then, on Friday, the government unexpectedly put house building at the centre of its plan to boost the UK’s productivity. With the cost of a home jumping by 45 [...]
UK construction sector confidence hits an 11-year high July 2, 2015 Confidence across the UK construction sector hit an 11-year high in June, while growth continued to rebound, according a widely-watched industry survey released today. The Markit/CIPS UK Construction Purchasing Managers’ index smashed economists' expectations rising to 58.1 in June, up from 55.9 a month earlier, the fastest increase in four months. "The extent of the recent rise [...]
UK GDP to be revised up after construction falls less than thought June 12, 2015 Britain's economy is expected to have grown much faster than previously thought last year, according to the Office for National Statistics (ONS). Britain's gross domestic product grew 3.1 per cent in 2014, up from a previous estimate of 1.4 per cent, all other things being equal. Additionally this year's first quarter economic product growth would [...]
Construction firm Kier digging towards deal for Mouchel takeover June 3, 2015 CONSTRUCTION firm Kier Group has moved one step closer to purchasing infrastructure company Mouchel. Kier announced yesterday that it had raised around £312m in a rights issue, selling over 39.6m new shares at 858p each, representing approximately 91.65 per cent of the shares issued during the process. It also said that the Mouchel acquisition is [...]
UK construction industry shows signs of revival June 2, 2015 Construction bounced back in last month, new data has shown, with the Markit/CIPS UK Construction Purchasing Managers’ Index registering 55.9 in May. The figure beat forecasts and remained way above the 50 threshold which indicates growth. However, the sector still has a long way to go after April's dismal reading of 54.2 – although optimism is [...]