Sharp pick-up in UK construction amid rapid economic recovery


Sumary of Sharp pick-up in UK construction amid rapid economic recovery:

  • Britain construction sector has had its sharpest pick-up in activity since 2014 amid signs that the domestic economy is recovering more quickly than Brexit- and pandemic-affected trade flows, new figures have shown..
  • The latest snapshot of the construction sector, which accounts for around 6% of total UK output, pointed to an across-the-board increase in March, with house-building, commercial projects and infrastructure work all displaying strong growth..
  • Despite the Covid-19 lockdown the IHS Markit/CCips construction activity index registered 61.7 in March, up from 53.3 in February and well above the 50 level that marks whether the sector is expanding or contracting..
  • “March data revealed a surge in UK construction output as the recovery broadened out from house building to commercial work and civil engineering..
  • “Total activity expanded to the greatest extent for six-and-a-half years as residential spending remained robust, commercial projects restarted and infrastructure contract awards moved ahead.”.
  • Britain is France fifth biggest export market and the value of the goods crossing the Channel dropped from €2.7bn (£2.3bn) to €2.1bn in January as red tape and tighter lockdown restrictions combined to choke off trade….

Want to know more click here go to source.

From -
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.