Builders see light at end of the tunnel as growth gains impetus
Tuesday 02 July 2013
A “new dawn” is breaking for Britain’s builders as construction enjoyed its strongest growth for more than a year, the latest snapshot of the industry’s fortunes revealed today.
Housebuilding — lifted by the Government’s Help to Buy scheme — was the best-performing area in the sector, although the picture for hard-pressed commercial and civil engineering companies also improved, according to the Chartered Institute of Purchasing & Supply (Cips).
Its activity index, where a score over 50 signals expansion, improved to 51 in June. This was the best reading since May 2012 and the second successive month of overall industry growth, Cips said. Confidence is at its highest level for over a year and the industry is taking on staff at the fastest rate since last September.
The news follows a buoyant June for manufacturers and continues the decent recent run for the UK economy. Cips chief executive David Noble said: “A new dawn is emerging in the construction industry, with confidence of a sustained recovery beginning to build ... This enthusiasm may also have been bolstered by the Government’s support for new housebuilding. Whether expectations match reality, only time will tell.”
Housebuilder Persimmon offered more signs that the Government initiative is boosting the market since its introduction in April as reservations jumped 30% year on year. Persimmon has made 1,124 sales under the Help To Buy.
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Joan Rivers: 'Palestinians deserve to be dead'
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 5 Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Joan Rivers: 'Palestinians deserve to be dead'
Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
- < Previous
- Next >
iJobs Money & Business
£400 - £450 per day + competitive: Orgtel: My client, a leading bank, is curre...
£20000 - £30000 per annum + OTE £40-50K first year: SThree: The SThree group i...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£85000 - £100000 per annum: Ashdown Group: Head of Marketing - Slough, Berkshi...