News Breaking – Domestic construction lifts

Builders and builders helped the construction industry recover in the past month after two quarters when it analyzed activity, according to a new industry survey. But while builders continue to be supported by government policy, the political and economic uncertainty caused by Brexit as Markit / CIPS's last indicator in the United Kingdom shows that the construction sector grew at the fastest pace in five months in November, , 1 from 50.8 in October. Reading more than 50 shows an increase. Markit said that this "modest" increase in activity, orders and employment was largely limited to residential work. "Home-building projects were once again the primary driving force for the development of construction activity," the report said. that resilient demand and supportive political environment have led to a strong and accelerating recovery of residential work. & # 39; Comes as Chancellor Philip Hammond unveiled plans to build 300,000 homes a year in last month's budget, destroying home loans and subprime loans to small builders if it was necessary. But elsewhere, the uncertainty associated with Brexit and the sluggish economic outlook prevented spending on commercial construction. The civil engineering activity declined for the third consecutive month, marking the largest decaying phase observed for four years – the last fall was only marginal. Duncan Brock, Customer Relations Officer at Chartered Institute of Procurement & Su Mr. Pply said: "The housing sector was the primary growth factor that is growing at the fastest pace for almost half a year." However, private sector companies have to commit themselves to large ticket costs, while commercial growth continues to perform poorly as Brexit's uncertainty continues to worry. Concerns about civil engineering in particular also dominate with its downward trend since 2013 and are linked to the lack of new bid opportunities. "In a brighter note, cost inflation, which accelerated after the collapse of the pound after Brexit, fell to its lowest level in one year. Some companies reported that there were indications that price increases had started to lose tension, according to the report. Production in the construction sector decreased by 0.9 percent and 0.5 percent respectively. The latest data also show that manufacturing output declined by 1.6% between August and September and was just 1.1% in the previous year. PMI construction follows the optimistic PMI of last week, which showed that industry activity hit the highest level for four years. Howard Archer said today's construction survey has done little to inspire confidence that the industry was headed for significantly better assets in 2018. "The increased turbulent economic activity and increased economic, policy and uncertainties of Brexit clearly hamper the construction sector" he said.
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