Construction recovery continues apace

Published:  06 January, 2014

Construction output in November 2013 rose at its fastest pace since August 2007, according to the Markit/CIPS UK construction purchasing managers’ index. The index registered 62.6 in November, up sharply from 59.4 in October and above the 50 no-change mark for the seventh month in a row.

Construction companies pointed to a steep and accelerated expansion of house building in November, with the fastest rate of growth for 10 years.

Work on commercial construction projects also increased sharply during the latest survey period, with the rate of expansion being the steepest since September 2007.

Looking ahead, the balance of firms anticipating a rise in output was the highest since September 2009, reflecting widespread expectations that the overall business climate will continue to improve during the next 12 months.

Figures from the Office for National Statistics show a 17.5% increase in the value of new orders for the third quarter of 2013 compared with the same quarter in 2012 — up by nearly £2 billion.

ONS figures showed a 2.2% growth in construction output in October 2013 compared with the previous month and 5.3% compared with October 2012.



comments powered by Disqus

Search

Welcome

Welcome to Modern Building Services Online, the web edition of Modern Building Services (MBS) journal and the UK's most popular Building Services engineering site. Modern Building Services covers the entire Building Services Engineering industry. This site contains archived content from the journal, plus web-specific content.

When you go to our digital edition, you can also access the archive of digital editions.
February 2018: DIGITAL EDITION

ARCHIVE OF DIGITAL EDITIONS

Modern Building services has a group
on Linkedin - join us!

Jobs

  • Intermediate / Senior Mechanical Engineer

    The Mechanical team undertake the design and specification of a range of Mechanical building services in a lead or supporting role, depending on project complexity and scale. You should demonstrate a flexible approach to design and team working and wil......

  • Senior Urban Designer

     Applicants will be Master’s Degree qualified Architects / Urban Designers, with a strong portfolio of work highlighting a variety of projects at a range of scales and types, with strong focus on regeneration, infrastructure-led projects and major develo......

  • Principal Structural Engineer

    We are currently recruiting on behalf of a global client, with a diverse range of award winning projects to their name. Their experience spans a host of market sectors, including transport, infrastructure, defence, scientific, education, high-tech and ......

more jobs »

Poll

"Is the Building Services industry lagging behind in the implementation of BIM?"