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Solid output growth maintained across UK construction sector in August
UK construction companies indicated a sustained rebound in total business activity in August, although the pace of expansion eased slightly since July. Robust new order growth and a more supportive economic backdrop underpinned the latest recovery in construction output volumes. Employment numbers stagnated as cost considerations meant that some firms opted to delay backfilling vacancies during August. However, construction companies remained optimistic about the near-term demand outlook. Exactly 50% of the survey panel anticipate a rise in output during the year ahead, while only 9% forecast a reduction. At 53.6 in ... (full story)
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- Posted: Sep 5, 2024 4:31am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,973
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