Sunshine sees construction output spike but dark clouds still loom

By Will Ing2018-08-02T11:09:00

Builders catch-up on winter work but outlook remains subdued despite 14-month high

Construction output grew sharply in July as good weather and rising demand saw new project starts soar, according to the lates CIPS/IHS Markit data.

Activity grew at the fastest rate since May 2017, with glorious weather allowing firms to catch up on work delayed by the Beast for the East. The Purchasing Managers’ Index rose to 55.8 last month, up considerably from 53.1 in June.

July was particularly busy for housebuilders, with the fastest increase in residential output for two-and-a-half years suggesting government’s commitment to increasing supply of homes is continuing to stimulate demand.

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