According to the construction managers index the Market/CIPS recorded a score of 59.1 in August up from 57.0 in July.
This latest reading states that there has been quite a rise in the activity in the construction sector. This increase actually is the fastest pace of output expansion in the construction sector since 2007.
In the construction industry the residential sector did remain the strongest, growing at the fastest pace since 2010. Bearing these positive notes in mind the civil engineering and commercial areas also performed significantly well.
With overall output levels increasing in the construction industry for the first time in over 6 years, it does seem positive for our UK economy and no doubt contributing significantly to the UK GDP in the third sector. We also notice new public sector spending on infrastructure – this will therefore increase the construction job creation. Is this a sign of the UK construction industry getting back on track?