UK construction grows at fastest pace for seven months – 02/09/14
The construction sector expanded at its fastest pace for seven months in August, despite supply shortages holding back growth, a survey suggests. The Markit/CIPS construction Purchasing Managers’ Index (PMI) surged to 64 in August from 62.4 in July, surprising economists who had forecast a fall.

It is the 16th month in a row that the index has been above the 50 level indicating growth. The rise came despite the slowest delivery times from vendors since 1997. Markit said the pace of growth was causing supply problems, with the availability of both materials and sub-contractors dropping at their fastest rate since its survey began in 1997. Read More