Uk Construction Purchasing Managers’ Index

The overall pace of construction growth moderated for the second month running to its least marked since October 2013, data from Markit/CIPS published today reveals. However, the figures failed to dampen soaring subcontractor rates and demand for skilled staff.

Construction output rose at its slowest rate in five months in October as residential work growth eased off, according to the latest Markit/CIPS UK Construction PMI index. Office and retail building has taken over as the main driver of construction growth from housing.

Sharp rises in housing, commercial and civil engineering activity ensured that output growth across the UK construction sector remained strong in September. However, while the overall performance of the construction sector was close to its strongest since the summer of 2007, latest data indicated th