Tag: construction

UK service sector activity suffers sharp drop in August

UK service sector activity suffers sharp drop in August

Growth in the UK’s closely-watched service sector slowed in August, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) slowed at the fastest pace in over a decade to 51.1 in August from July’s reading of 55.4. The fall represented the second largest on record and was much [...]

September 5, 2011 | 0 Comments More
UK construction growth slows further in August

UK construction growth slows further in August

The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed growth in the UK construction industry weakened in August. The PMI dipped to 52.6 in August from July’s reading of 53.5 – however, the figure was in line with expectations. Furthermore, the index remains above the crucial 50 mark, which [...]

September 2, 2011 | 0 Comments More
UK service sector grows at stronger pace

UK service sector grows at stronger pace

Growth in the UK’s closely-watched service sector grew at the strongest pace in 4 months in July, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) surged to 55.4 last month from June’s reading of 53.9. The rise was unexpected after analysts had expected the index to fall [...]

August 3, 2011 | 0 Comments More
UK construction growth slows further in July

UK construction growth slows further in July

The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed growth in the UK construction industry slowed in July. The PMI dipped to 53.5 in July from June’s reading of 53.6 – however, the figure beat expectations of a reading of 53.0. Furthermore, the index remains above the crucial 50 [...]

August 2, 2011 | 0 Comments More
UK service sector growth sees slight rise in June

UK service sector growth sees slight rise in June

Growth in the UK’s closely-watched service sector rose slightly last month, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) edged higher to 53.9 in June from May’s three-month low of 53.8. The result confounded analysts’ expectations of a fall to 53.5. The index continues to remain above [...]

July 5, 2011 | 0 Comments More
UK construction growth slows in June

UK construction growth slows in June

The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed the UK construction industry slowed in June. The PMI dipped to 53.6 in June from May’s reading of 54 – however, the figure was broadly in line with expectations. Furthermore, the index remains above the crucial 50 mark, which separates [...]

July 4, 2011 | 0 Comments More
UK service sector activity sinks to 3-month low in May

UK service sector activity sinks to 3-month low in May

Growth in the UK’s closely-watched service sector slowed in May, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) eased to a 3-month low of 53.8 in May from 54.3 the previous month. Analysts had expected the index to be around the 54.0 level. However, the index remains [...]

June 3, 2011 | 0 Comments More
UK construction activity surprises in May

UK construction activity surprises in May

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity beat expectations last month. The PMI rose to 54.0 in May, from April’s reading of 53.3 – beating expectations of 53.6. Furthermore, the index remains above the crucial 50 mark, which indicates expansion. Commenting on the [...]

June 2, 2011 | 0 Comments More
UK construction activity eases in March

UK construction activity eases in March

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity eased slightly in March. The PMI edged lower to 56.4 in March, from February’s 8-month high of 56.5 - albeit better than forecasts of 54.8. However, the index remains above the crucial 50 mark, which indicates [...]

April 4, 2011 | 0 Comments More
UK construction activity hits 8-month high

UK construction activity hits 8-month high

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity surged to an eight-month high in February. The PMI rose to 56.5 in February, up from January’s 53.7 - confounding analysts expectations of a drop to 52.9. The index remains above the crucial 50 mark, which [...]

March 2, 2011 | 0 Comments More
UK construction activity recovers in January

UK construction activity recovers in January

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity recovered last month on the back of better weather. The PMI rose to 53.7 in January, up from December’s 49.1 - which represented the first fall in 10 months due to the severe wintry weather during [...]

February 2, 2011 | 0 Comments More
Spanish unemployment rate back above 20%

Spanish unemployment rate back above 20%

The national statistics institute INE today announced the unemployment rate in Spain is at the highest level since the second quarter of 1997. Spain, which has the highest unemployment rate in the EU, has been hit by a severe slump within its key construction industry, which has led to a significant amount of job losses. [...]

January 28, 2011 | 0 Comments More
UK service sector growth eases in November

UK service sector growth eases in November

Growth in the UK’s closely-watched service sector eased slightly in November but still remained near October’s four-month high. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI fell to 53 in November, down slightly from the 53.2 recorded in October. However, the reading was in line with expectations and the index [...]

December 3, 2010 | 0 Comments More
UK construction activity picks up in November

UK construction activity picks up in November

The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index revealed activity improved in November. The Purchasing Managers’ Index rose to 51.8 in November from 51.6 the previous month and surprised analysts who had expected a fall to 51. The index remains above the crucial 50 level, which indicates expansion. Activity in the commercial and [...]

December 2, 2010 | 0 Comments More
UK construction activity picks up in September

UK construction activity picks up in September

The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity improved last month, driven by the commercial sector and civil engineering. However, activity in the housebuilding sector dropped - bringing an end to a year-long period of expansion. The index edged higher to 53.8 in September, from 52.1 in August - surprising analysts, [...]

October 4, 2010 | 0 Comments More
UK services sector growth continues to slow

UK services sector growth continues to slow

Growth in the UK’s closely-watched service sector slowed further in July - by the slowest rate in 13 months. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 53.1 in July, dipping from 54.4 in June. Not only did this represent the lowest level since June last [...]

August 4, 2010 | 0 Comments More
UK construction activity slows in July

UK construction activity slows in July

The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity slowed considerably last month to a four-month low. The index slumped to 54.1 in July from 58.4 in June – suggesting the sector may have peaked. However, the index is still above the crucial 50 level, which indicates the sector is growing. “The [...]

August 3, 2010 | 0 Comments More
UK economy sees Q2 growth of 1.1%

UK economy sees Q2 growth of 1.1%

The Office for National Statistics (ONS) has today revealed UK economic growth for the second quarter today surged ahead by 1.1% - almost double the rate analysts had forecast. Meanwhile, economic growth rose by 1.6% on an annualised basis - the highest in two years. The UK is the first G7 country to release its [...]

July 23, 2010 | 0 Comments More
US home builder confidence slumps in July

US home builder confidence slumps in July

The National Association of Home Builders (NAHB) today revealed a fall in confidence, sending shares lower. Wall Street experienced falls after the US home builder sentiment index fell in July to the lowest level since April 2009 after the Government tax credit incentive expired a few months ago. According to the index, confidence among US [...]

July 19, 2010 | 0 Comments More
Survey reveals employment continues to grow in private sector

Survey reveals employment continues to grow in private sector

A report by the Recruitment and Employment Confederation (REC) and KPMG has revealed staff appointments in the private sector grew in June, albeit at the slowest rate for five months. The survey, which questions 400 recruitment firms, showed a strong rise in permanent staff placements, with engineering and construction growing. Commenting on the data, Rec’s [...]

July 7, 2010 | 0 Comments More