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UK construction rebounds to nine-month high as recession fears ease

The latest S&P Global/CIPS construction purchasing managers’ index scored 54.6 last month, rising from 48.4 in January.

Henry Saker-Clark
Tuesday 07 March 2023 10:54 GMT
Construction workers for HS2. Civil engineering projects such as HS2 helped the construction sector grow sharply in February (Jacob King/PA)
Construction workers for HS2. Civil engineering projects such as HS2 helped the construction sector grow sharply in February (Jacob King/PA) (PA Archive)

The UK’s construction sector recorded surprise growth last month because firms were boosted as recession expectations eased.

New figures showed that activity in the construction industry grew at a strong rate for nine months.

The latest S&P Global/CIPS construction purchasing managers’ index scored 54.6 last month, rising from 48.4 in January.

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