UK construction grows as housing market stabilises 3/5/2017

linkuk_admin   May 8, 2017   Comments Off on UK construction grows as housing market stabilises 3/5/2017

Construction site

Building work is growing at a steady but not spectacular pace CREDIT: SIMON DAWSON/BLOOMBERG

Britain’s builders are getting back to work as housebuilders try to meet demand for new homes and large civil engineering projects get under way, following a modest slowdown at the start of the year.

Last month growth accelerated in the construction sector, encouraging companies to hire more staff to meet the rising demand.

Overall construction output grew at its fastest pace so far this year, according to the purchasing managers’ index from IHS Markit.