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UK construction growth fastest since August 2007

UK construction picked up speed in November with output rising at the fastest pace in more than six years.

The Markit purchasing managers' index (PMI) for the sector rose to 62.6 last month, up from 59.4 in October.

The higher the reading above 50, the stronger the growth in activity.

The reading comes a day after a related survey showed manufacturing output also strengthening, giving the chancellor a positive background against which to deliver Thursday's Autumn Statement.

George Osborne is due to provide his update on the government's economic plans.

Tim Moore, senior economist with Markit, said: "Construction activity continues to spring back to life during the final months of 2013." 

However, he said the pick-up was being built on a low base, after years of shrinkage or tepid growth resulting from the credit crisis that was sparked in 2007.

For the full article use the link below ... ...

BBC

http://www.bbc.co.uk/news/business-25201692