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News - 19 April 2011

Good and bad for the Construction Industry.


A new report for The Purchasing Managers Survey, compiled from monthly replies to questionnaires sent to purchasing executives in over 170 construction companies said the UK building industry continued to grow in March, but raw materials price rises hit a 31-month high.

The Purchasing Managers Index (PMI) for the sector said rising costs were driven by fuel, oil and steel. Industry activity registered a level of 56.4 for March, well above the expected 54.9.

A level above 50 indicates expansion.

Despite this, the employment in the cyclical industry appears to have bottomed out. The survey found the rate of reduction of staffing levels had fallen to its slowest rate since job cuts in the sector began nine months ago.


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