Construction activity hits eight-month high

first_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Construction activity hits eight-month high whatsapp Share Construction activity grew at its fastest pace in eight months in February, boosted by new business, the monthly Markit/CIPS purchasing managers index showed.The headline activity index rose to 56.5 in February from 53.7 in January, confounding analysts’ forecasts for a fall to 52.9.The construction sector suffered a sharp downturn at the end of last year, partly due to the worst December weather in a century, but Markit said February’s data suggested there would be a bounce-back in the first quarter of this year. The survey showed that all three construction sectors recorded growth last month, with civil engineering enjoying the strongest expansion in three years.Homebuilding also increased and commercial building continued growing for the 12 successive month.“The situation is still fragile, however, considering the likely impact of government cuts,” said David Noble, chief executive at the Chartered Institute of Purchasing & Supply.“Concern about the level of bank lending is also having a negative impact on confidence. This is echoed by a further reduction in employment.” Construction firms continued to shed jobs, but at their slowest pace in 8 months and the survey said some companies had reported they were taking on staff to cope with higher workloads.However, input costs rose at their fastest rate since August 2008, driven by oil, fuel and steel. John Dunne center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Tags: NULL Wednesday 2 March 2011 5:07 amlast_img read more

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