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Subscribe via Email Rise in housebuilding boosts construction sector    

06/06/2017

The Markit/CIPS construction purchasing managers' index rose to 56 from 53.1, its highest level since December 2015. A figure above 50 indicates expansion.

Builders also hired more workers and ordered more supplies to deal with an increase in new projects.

Economists said the sector was recovering after a slow start to 2017.

The data contrasts with reports earlier this week suggesting greater caution by homebuyers and lenders.

Building society Nationwide said house prices had fallen for a third consecutive in May - the longest run of decline since 2009, just after the financial crisis.

Meanwhile, the Bank of England said loan approvals fell to a seven-month low in April.

 

Multiple sources – June 2017
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