March boost for British builders
Wednesday 04 April 2012
Builders boomed in March after a surprise surge in new orders, the Chartered Institute of Purchasing & Supply (Cips) said yesterday.
Although construction accounts for just 7 per cent of the economy, the strength of its latest activity index – coupled with decent manufacturing figures on Monday – sees the threat of a technical recession in Britain recede further.
Cips' activity index – where a score over 50 signals growth – registered 56.7 in March, the highest for nearly two years.
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