Train4TradeSkills News: Construction Industry bounces back with strong October

The uncertain state of the construction industry has been helped with a strong performance in October, which has surprised some industry experts.

The construction industry reached a five-month high in October, according to the Markit/CIPS UK Construction PMI, where orders and activity grew significantly compared to the previous months.

The index recorded a figure of 53.9 in October, which is up from 50.1 in September. Any figure over 50 represents a growth in activity.

Despite these figures, the state of the industry is uncertain at the moment, and the outlook remains gloomy for the foreseeable future. But at least these figures are hopefully a step in the right direction.

Sarah Bingham, Economist at Markit and author of the UK Construction PMI said:

“UK construction output improved in October, as new orders recovered from September’s modest decline.

The outlook for the sector remains uncertain, with October seeing a further weakening in sentiment regarding business expectations. The increase in employment recorded was fractional, despite the rise in new business and activity.

This suggests that constructors remain tentative about the longevity of the sector’s growth profile.”

 

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 November 2, 2011, in construction jobs, construction news, t4ts, train4tradeskills and tagged , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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