(RTTNews) - An indicator of health in the British construction sector fell in July, suggesting the rate of expansion in the sector may have already peaked. Growth remained solid, however, supported by a further increase in new work.U.K. construction companies reported a further rise in new business received during July - the fifth increase in as many months. However, the rate of expansion slowed to its weakest since March.
2 comentarios:
U.K. Construction Activity Slows In July
(RTTNews) - An indicator of health in the British construction sector fell in July, suggesting the rate of expansion in the sector may have already peaked. Growth remained solid, however, supported by a further increase in new work.
The Markit / Chartered Institute of Purchasing & Supply construction purchasing managers' index slid to 54.1 from 58.4 in June. A reading above 50 indicates expansion while one below suggests contraction.
U.K. construction companies reported a further rise in new business received during July - the fifth increase in as many months. However, the rate of expansion slowed to its weakest since March.
Despite the sustained rises in new orders and output, employment within the U.K. construction sector failed to rise in July, ending a two-month sequence of job growth. Survey respondents cited cost cuttingprocedures and freezes on recruitment for the fall in staffing levels.
Input prices faced by constructors increased substantially during the month, driven by higher raw material prices. Despite this, purchasing activity climbed for the fifth straight month, reflective of the sustained expansion in activity.
All three construction sub-sectors recorded a weaker rise in activity in July. Residential construction recorded the strongest performance during the month, while commercial-based construction activity performed better than civil engineering.
Publicar un comentario