Thursday 15th Aug 2019 - Logistics & Supply Chain

Construction economy moderated in April, says CIPS

The severity of the recession in the UK construction economy levelled out during April, according to the Chartered Institute of Purchasing and Supply.

Roy Ayliffe, director CIPS, said: “Confidence in future sector performance improved. A number of purchasing managers also noted that previously postponed contracts were expected to recommence.”

The easing was predominantly centred on the civil engineering industry; although housing and commercial sub-sectors also experienced weaker falls in output.

However, overall activity levels remained well inside recessionary territory.

Ayliffe added: “The darkness that has been gathering across the UK construction economy over the past thirteen months lifted slightly in April but, against a backdrop of ongoing market uncertainty, fewer new orders and fierce competition, blue skies are still a fair way off.”

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