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

21/11/2024

Europe's leading online cleanroom consumables supplier, Cleanroomshop, has recently launched a brand-new website, giving its users an improved user experience. The new website continues to offer over 2,000 products from more than 40 brands, whilst incorporating a new look and more efficient ...
21/11/2024

At Ecomerchant, we offer a carefully curated selection of sustainable weatherproofing solutions, including natural lime renders, mineral finishes, and vapour-open waterproofing materials. They help prevent structural damage while ensuring your building can breathe naturally. Our eco-friendly ...
20/11/2024

Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024

The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024

Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024

Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024

Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024

Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024

Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024

West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...
Stuart CanvasBRICOFLOR UKEfco UK LtdThink Construction Skills Ltd.T & D Glazing And Installation LimitedLakeside HireAqua Direct LtdBuckleys Mobile Crane ServicesNorth Ridge PumpsLS Engineering (Shropshire) Limited
Terms and Conditions
2024/11/21 12:20:29