UK construction activity rises further in October - Breaking The News

UK construction activity rises further in October

4 November

1 min read

The Construction Purchasing Managers' Index (PMI) in the United Kingdom stood at 53.2 in October, rising from the registered figure for the month before, S&P Global and Chartered Institute of Purchasing & Supply (CIPS) revealed in a report published on Friday.

The best-performing segment in October was commercial building at 54.5, with output growth reaching a five-month high. In addition, the index was pulled up by the expansion of residential work, coming in at 51.2, improving at a slower pace than recorded in September.

"This positive result offered little in terms of comfort even though purchasing activity also rose and supply chain performance returned to near-normal levels, the sector remained under pressure from all sides," CHIPS Chief Economist Dr. John Glen stressed upon the release of the report.

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