Just going through the report, housing construction has risen at the fastest level for ten years. Construction employment was up for the fourth straight month with the rate of job creation the fastest for over five years. Also of note was that purchasing activity has risen and is starting to show signs of exceeding capacity. This is something that can lead to prices pushing higher. Costs in the construction sector also rose at the fastest rate since Nov 2011.
Still a strong showing from the sector and bodes well for the months ahead.
Tim Moore at Markit says;
“Construction is no longer the weakest link in the
UK economy. The third quarter of 2013 ended with
output growth riding high amid greater spending on
infrastructure projects and resurgent house building
activity.”“September’s survey suggested that constructors
are beginning to react with confidence to the more
positive landscape for the sector, as job creation
and input buying both rose at robust rates over the
month.” -
