Details of the December 2016 UK Markit CIPS construction PMI data report 4 January 2016
Prior 52.8
Housing activity 54.9 vs 53.0
Input costs at the highest since Apr 2011 (Level of GBP blamed for that)
New orders strongest for 11 months
Employment rose at the fastest since May
Another decent PMI to end the year with.
"December's survey data confirmed a solid rebound in UK construction output during the final quarter of 2016. All three main areas of construction activity have started to recover from last summer's soft patch, but in each case growth remains much weaker than the cyclical peaks seen in 2014.
Housebuilding remains a key engine of growth for the construction sector, with the latest upturn the fastest for almost one year. Meanwhile, commercial activity was the weakest performing category in December, reflecting an ongoing drag from subdued investment spending and heightened economic uncertainty." Said Tim Moore of Markit.
Construction had been one of the best sectors in the recovery from 2013 and although it had a soft 2016, there's been signs of optimism since the Brexit vote.
Not much doing in the quid on the data though as it sits at 1.2275
UK construction PMI
