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Construction growth 'strongest since June 2010'

Construction growth 'strongest since June 2010'
The security fencing industry has been boosted by the news that the positive start the construction sector has experienced so far in 2011 looks set to continue.

New research from Markit shows there was a significant rise of activity in the UK's construction sector – with its Construction Purchasing Managers' Index standing at 56.5, up from 53.7 in January and at an eight-month high.

There was plenty of new business growth and, while employment fell again, it did so at the weakest rate in the current wave of job cuts.

Markit's survey monitors three broad areas of construction – civil engineering, residential construction and housing activity – with each showing strong February growth.

The strongest expansion was in civil engineering, which grew at its fastest rate in three years.

Sarah Ledger, economist at Markit, said: "February's survey showed continued recovery in the UK construction sector following December's weather-related decline in activity, with output rising at the fastest rate in eight months on the back of strengthening growth of new business."

The good news has also been complemented by Tata Europe's recent sale of steel plant Teesside Cast Products to the largest steel producer in Thailand, SSI. It has saved hundreds of jobs and should create new ones.ADNFCR-3337-ID-800441621-ADNFCR

Date: 03/03/2011 16:54:53

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