Strong construction output growth in October but caution remains

Latest News Wed, Mar 23, 2016 9:17 AM

Strong construction output growth in October but caution remains

The UK's construction sector grew across all three sectors in October - but only commercial building increased the pace of growth compared with September.

Markit PMI for the industry registered 58.8 in October, down from 59.9 in September but comfortably above the contraction threshold. This marks two-and-a-half years of sustained output growth.

While the pace of expansion was weaker than in 2014, the latest survey was "comfortably" ahead of the pre-election low experienced in April of this year.

Housing activity dropped back from September's 12-month high, while civil engineering had the weakest growth since May. However commercial building work increased at the sharpest rate in eight months.

Companies in the sector were "highly upbeat about their prospects for the next 12 months", with 59 per cent predicting a rise in business activity and only seven per cent expecting a decline.

Tim Moore, senior economist at Markit and author of the survey, said: “October’s survey indicates that the UK construction sector remains firmly in expansion mode, although commercial building work was the only category to experience faster growth than in September.

“Another relatively buoyant construction PMI reading indicates that the sector remains in rude health. Rather than acting as a drag on the economy, as suggested by recent GDP estimates, the sector is continuing to act as an important driving force behind the ongoing UK economic upturn."

Featured News

Specification news
Crunch time for Parliament refurb as PAC warns of...

Without action, the Palace of Westminster will, at best, be in a process of managed...

Read More >>

Specification news
CIOB Art of Building winners 2026 revealed

A photographer has won the Chartered Institute of Building’s (CIOB) Art of Building...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

CemGold Brochure

CemGold
By IPP

Download Now >>

Mada ProGuard Brochure

Mada ProGuard
By IPP

Download Now >>

Scandinavian Furniture Thoughtfully Made  Brochure

Scandinavian Furnitu...
By BJELIN

Download Now >>

Fire Rated Loft Ladders  Brochure

Fire Rated Loft Ladd...
By Premier Loft Ladders...

Download Now >>

Flooring Collection 2026 Brochure

Flooring Collection...
By Gerflor

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

Magply multi-functional board
Magply multi-functional board

Rainscreen CladdingAs a high performance, multi-functional board Magply features a Magnesium...

Read More >>

Magply recovery and protection boards
Magply recovery and protection boards

Magply recovery and protection boards have been developed to meet the roofing industry needs for a...

Read More >>

Safeshield XT Reflect
Safeshield XT Reflect

Safeshield XT Reflect is an A2-s1, d0 fire rated construction membrane for the use in high risk,...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Fortitude™ Steel Railing Systems: Adjustable Off-the-Shelf Balustrade Guide
Fortitude™ Steel Railing Systems: Adjustable Off-the-Shelf Balustrade Guide

Fortitude Steel Railings and Balustrades are one of the most versatile, off-the-shelf, steel...

Watch Now >>

Pro-Railing® Stainless Steel Handrail Systems: 6 Modern Balustrade & Glass Railing Solutions
Pro-Railing® Stainless Steel Handrail Systems: 6 Modern Balustrade & Glass Railing Solutions

Pro-Railing® – our Stainless Steel Handrail Component System with six stunning ranges to choose...

Watch Now >>

Why Professionals Choose Outdure QwickBuild | Aluminium Deck Frame Case Study
Why Professionals Choose Outdure QwickBuild | Aluminium Deck Frame Case Study

This case study explores a stunning designer terrace featuring the Outdure QwickBuild system,...

Watch Now >>