Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
02/07/2015

Data Reveals Strong Workload Rebound In June

Recent industry data has revealed the construction sector output growth has experienced a strong rebound in June.

The latest Markit/CIPS UK Construction PMI index jumped from 55.9 in May to 58.1 in June.

Research proposes this is due to a sharp upturn in both commercial and civil engineering growth over the month, with job creation at its fastest so far recorded in 2015.

Reports from survey respondents suggested that improving client demand and strong order books continued to support output growth in June.

Anecdotal evidence also linked greater new business volumes to rising client confidence and improving business conditions across the UK economy as a whole.

Just under two-thirds of the survey panel (62%) forecast a rise in output over the next 12 months, while only 4% expect a decline.

-- Advertisement --
hss

The latest PMI index jumped from 55.9 in May to 58.1 in June.

Tim Moore, Senior Economist at Markit, said: "UK construction companies experienced a growth rebound and surge in business confidence at the end of the second quarter. Survey respondents cited robust inflows of new work in June, adding to already strong order books across the sector.

"Extra workloads and positivity regarding the year- ahead outlook meant that job creation accelerated to its strongest so far in 2015.

"The extent of the recent rise in construction optimism is partly down to relief that pre-election uncertainty has now passed, but it also suggests that firms are infused with confidence that underlying demand will continue to recover.

"Scorching hot demand for some construction products placed additional pressure on supply chains in June, with delivery times lengthening again for a wide range of materials.

"Meanwhile, another substantial rise in sub-contractor charges highlighted that persistent skill shortages in the construction sector are contributing to sharp rises in labour costs in some areas."

Group Chief Executive Officer at the Chartered Institute of Procurement & Supply, David Noble, said: "Construction was on a real high this month with the sharpest rise in overall activity since February as the sector made up for lost ground since the General Election.

"Client expectations and strong order books were the recipe for success along with support from a resilient economic environment encouraging positive sentiment in the sector and resulting in accelerated and hastened purchasing activity."

(LM)

Latest Construction News

03/05/2024

Construction firm GRAHAM has started building work on a £19 million Community Diagnostic Centre (CDC) in Workington town centre. The Centre will be located next to Cumberland Council's government-funded Innovation Hub which is also under development in Central Way. GRAHAM is the principal ...
03/05/2024

Significant progress is being made on a new £2 million recycling centre in Haverhill. Construction works are being completed by FCC Environment and its contractor DXI Regeneration Ltd, on behalf of Suffolk County Council. The facility will be operated by FCC Environment, which manages all of ...
03/05/2024

Midlands contractor G F Tomlinson has started work on a new primary school in Dunstall Park Estate, Tamworth. The work is taking place on behalf of Staffordshire County Council alongside project managers and concept architects, Entrust. The project was procured through the Constructing West ...
03/05/2024

Galliford Try has made another step in its carbon reduction journey with the deployment of a new digital platform across its Infrastructure projects. The platform, Qflow, automates data capture and processing by extracting information from delivery and waste tickets, using Artificial Intelligence ...
03/05/2024

Underfloor heating is the most efficient method of heating a room and is fast becoming the most popular option for new building and property refurbishments. As a result, more trade professionals are being asked to install underfloor heating and self-builders and renovators are using it as their ...
03/05/2024

Farrans is making significant progress at Barsham Water Treatment Works in Suffolk, where its client Essex and Suffolk Water is investing more than £49 million in upgrades to the site. Due to be complete in 2025, the project will provide improvements to the resilience and quality of drinking ...
03/05/2024

Work has been completed on a new bridleway bridge at Lindsells Level Crossing in Biggleswade, Bedfordshire. Work started in December 2022 on the fully accessible bridleway bridge which allows pedestrians, horse riders, cyclists and other users to safely cross the railway line, providing better ...
03/05/2024

Ideal Work UK has unveiled Microtopping®, a revolutionary cementitious coating that delivers the sleek, sophisticated look of polished concrete with unparalleled versatility and ease of application. ...
03/05/2024

Building work has commenced on a new development in Oundle that will bring self-contained extra care apartments to the area along with 62 homes and three self-build plots. Persimmon's East Midlands team have started preparing the Barnwell Walk site off St Christopher’s Drive in the town and expect ...
03/05/2024

Morgan Sindall has been appointed to two new Pagabo frameworks. The two frameworks are valued at £1.6 billion each and will run for four years. It was confirmed earlier this month that Morgan Sindall had been appointed to the new £1.6bn Healthcare Decarbonisation Framework from Pagabo, which has ...
BRICOFLOR UKAqua Direct LtdJWCLakeside HireThink Construction Skills Ltd.Efco UK LtdScotdeck LtdTanks For Everything LtdBarrier MartCompass Protection Manufacturing Limited
Terms and Conditions
2024/05/03 20:28:11