In a key survey of the sector, Britain’s construction industry showed strong expansion in August, after a poor performance in the first half of the year. The Chartered Institute of Purchasing, monthly purchasing managers index, showed that supply grew to 57.3, up from 57.1 in July.
The housebuilding sector recorded the fastest expansion in activity, but the outlook for commercial building work had also improved, according to the survey. If this growth is reflected in official figures, the construction sector is expected to continue to expand in the third quarter of 2015.
RR Paice
