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Building Activity Down - Job Creation Lowest For 4 Years

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LONDON (AFX) - The UK construction sector, which makes up about 4 pct of overall GDP growth, eased in May from the previous month to levels not seen since February, a closely-watched survey found today.
The purchasing managers' index of construction activity in the monthly Chartered Institute of Purchasing and Supply survey fell to 52.7 in May from 53.7 in April.
The drop is the second in as many months
. In April, the index slipped to 53.7 from 54.7 the previous month.
Despite the drop, however, the headline index remains above the 50 point level which indicates growth, extending the period of expansion to four and a half years.
Roy Ayliffe, Director of Professional Practice at the Chartered Institute of Purchasing and Supply noted that confidence levels in the sector remains high even though
job-creation fell to its lowest in almost four years.

At least the VI's "confidence" remains high if nothing else does.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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