Construction Industry buoyed by strong May showing
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.
Posted on June 2, 2011, in construction jobs, construction news, electrician jobs, plumbing jobs, train4tradeskills and tagged Chartered Institute of Purchasing & Supply, construction, Construction and Maintenance, construction industry 2011, Markit/CIPS UK Construction PMI Index, Office for National Statistics, RICS, South East England, t4ts, train4tradeskills. Bookmark the permalink. Leave a comment.