A recent study has shown that the construction industry in the United Kingdom has seen significant growth this past February.

The survey showed that the Markit/CIPS purchasing managers’ index (PMI) increased, having reached 60.1 points. This is the highest level since October.

Alongside with the PMI, the British housing, commercial and civil engineering sector also shows signs of growth. This current week, another study that examined growth in the United Kingdom indicated a seven-month high in the nation’s manufacturing field.

In UK, construction amounts to about 6% of the entire economy.

Senior economist Tim Moore said to the press that these recent numbers highlight “renewed vitality within the UK construction sector”.

He added: “However, some construction companies noted that the uncertain general election outcome could prove a temporary bump in the road for new work.”

This past week, Taylor Wimpey, one of Britain’s largest homebuilders reported an increase in profits. With him, Bovis Homes, Persimmon and Barratt Developments also reported good numbers.

 

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