Commercial builders lead expansion

1 September 2004
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02 September 2004 | Gareth Mytton

Construction activity accelerated in August, according to the latest purchasing managers' index (PMI) report.

Construction activity accelerated in August, according to the latest purchasing managers' index (PMI) report.

The PMI - a composite indicator of overall sector conditions - rose to 55.8 from 54.2 in July.

The housing index showed a slight fall in August, from 56.2 to 55.1, while commercial builders enjoyed the strongest monthly growth at 56.1. Civil engineering activity fell marginally at 49.5, but more companies said activity had risen than fallen.

Companies again stepped up their quantities of purchases (56.5), although suppliers struggled to cope with their rising demand. The input prices index, at 72.5, rose by only 0.1 on July, with 41.1 per cent of companies reporting higher average input costs.

Builders made greater use of subcontractors over the month, and their availability grew marginally for the second month in a row. Their rates charged rose modestly, even though purchasers reported shortages of contractors in nine categories. Construction activity accelerated in August, according to the latest purchasing managers' index (PMI) report.

The PMI - a composite indicator of overall sector conditions - rose to 55.8 from 54.2 in July.

The housing index showed a slight fall in August, from 56.2 to 55.1, while commercial builders enjoyed the strongest monthly growth at 56.1. Civil engineering activity fell marginally at 49.5, but more companies said activity had risen than fallen.

Companies again stepped up their quantities of purchases (56.5), although suppliers struggled to cope with their rising demand. The input prices index, at 72.5, rose by only 0.1 on July, with 41.1 per cent of companies reporting higher average input costs.

Builders made greater use of subcontractors over the month, and their availability grew marginally for the second month in a row. Their rates charged rose modestly, even though purchasers reported shortages of contractors in nine categories.

SMsep2004

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