Construction Activity Rises For First Time In 2yrs- Which Greengates Builders Merchants Accrington, Lancashire Is Happy To Hear!
A survey recently produced by the Chartered Institute of Purchasing and Supply shows that construction activity has finally expanded for the first time in two years.
The Chartered Institute of Purchasing and Supply survey carried out by the institute showed the first signs of growth since February 2008, with the strongest performance in house building.
The growth shown in the survey came from a rise in new orders, with by far the strongest performance in the house-building sector. Commercial activity grew as well, for the first time since February 2008, though work in civil engineering is still continuing to decline.
Another sharp fall in construction employment and decreased use of subcontractors in March showed the fragility of the upturn.
The survey also showed reduced confidence of market improvement than in previous months.
David Noble, chief executive officer at the Chartered Institute of Purchasing and Supply, said: "Though it's great to see the UK construction sector turn the corner after two years of relentless contraction, it's still very early days.
"The recession hit construction the hardest, and this upturn may be short-lived. It's worrying to see civil engineering contracting, given that mooted public sector spending cuts are yet to kick in."
Here at Greengates Builders Merchants Accrington, Lancashire we hope that the upturn is not short lived and such growths as described by the Chartered Institute of Purchasing and Supply survey continue in to the future.