Construction Industry buoyed by strong May showing

Employment levels are up and activity levels rise as the construction industry has a good May.

The latest edition of the Markit/CIPS Construction Index is out, and after a poor April, the construction industry is back on form for May and posted strong figures.

The Index found that activity rose to 54.0 in May, after activity dropped to 53.3 in April. Anything over 50 constitutes a growth.

After the damaging report from the Office of National Statistics this year, which found the construction industry to be in disarray after a 4% drop in activity, the recent report of the Markit/CIPS Construction Index has proved that 2011 isn’t as bad a year for construction as first thought, with the industry about to turn a corner.

The most promising part of this report is that employment levels rose in construction for the first time in 10 months.

David Noble, Chief Executive Officer at the Chartered Institute of Purchasing & Supply, said: “Sustained growth of commercial activity and reports of an unblocking of order books is much needed good news.”

An area which has benefitted this year is the South East of England, with a recent survey by the RICS (Royal Institute of Chartered Surveyors) finding that 33% of contractors reporting an increased workload in the first few months of 2011. The RICS also found that 32% of people asked thought more jobs will be created in construction over the next 12 months.

What do you think about the latest figures surrounding the construction industry? Let us know your thoughts on here or on the Train4TradeSkills Facebook and Twitter pages.

 

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About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on June 2, 2011, in construction jobs, construction news, electrician jobs, plumbing jobs, train4tradeskills and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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