• UK construction PMI climbs to 57.8 in December

Market news

5 January 2016

UK construction PMI climbs to 57.8 in December

Markit's and the Chartered Institute of Purchasing & Supply's construction purchasing managers' index (PMI) for the U.K. rose to 57.8 in December from 55.3 in November, exceeding expectations for an increase to 56.0.

A reading above 50 indicates expansion in the construction sector.

The index was driven by a rise in commercial construction.

"UK construction companies finished 2015 in a positive fashion, as overall output growth recovered from November's seven-month low. Commercial building was the main engine of growth, with this area of activity expanding at the strongest pace since autumn 2014. There was also a rebound in house building activity in December, but momentum was still much softer than the post-crisis highs achieved during 2014," Senior Economist at Markit, Tim Moore, said.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.