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PMI improves in July

PMI improves in July

06 August 2018

July has seen the fastest rise in construction output since May 2017, according to the IHS Markit / CIPS Construction Market Purchasing Management Index (PMI).  The PMI rose to 55.8 according to data collected in July, in comparison to 53.1 in June, with the fastest increase in residential wokr in 2.5 years. 

 

Respondents have cited catch up from harsh winter conditions, improving demand and higher volumes of new project starts.

 

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