A recent report has found that UK based construction companies have indicated a strong improvement in business activity.
Strongest Construction Activity Expectations in 2 Years
A recent report has found that UK based construction companies have indicated a strong improvement in business activity expectations in January, the highest level it has been for 2 years.
The survey respondents focused on client demand and economic prospects, to justify their high hopes of a turnaround within the industry.
Purchasing Mangers Index
The Global UK Construction Purchasing Managers’ Index for January was registered at 48.8, an increase from where it was in December 2023 (46.8).
Although the Index remained below the critical reference point of 50.0, this reading is the highest since August 2023 which offers hope that the construction industry is heading in the right direction.
Construction Industry Sectors
Civil engineering was the best performing segment in January (49.8) with commercial activity also showing resilience compared to previous months, with an Index score of 49.1.
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