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 Posted: Tue 13:55, 19 Nov 2013 Post subject: just above the break-even point of 50 |
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Markit reports PMI for British construction rose from 51 to 57 in July
LONDON, Aug. 2 () -- The Purchasing Managers Index for Britain's construction sector showed a sharp June to July jump, with a surge in housing activity pushing it higher.Markit Economics said the sector's PMI rose from 51, just above the break-even point of 50, to 57, which indicates solid growth.Construction posted its highest PMI since June 2010 due to a "robust and accelerated expansion of overall business activity in the construction sector," Markit said.Each of the sub-categories in construction, residential building,[url=http://www.hotyoupro.com]The north face jackets outlet[/url], civil engineering and commercial construction, expanded,[url=http://www.trueireligion.com]True Religion Jeans Outlet[/url], Markit said. "July's survey highlights a new wave of optimism across the U.K. construction sector, with companies reporting a pace of expansion in excess of anything seen over the past three years," Senior Economist Tim Moore said.
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