The IHS Markit purchasing managers' survey showed growth returning to the UK construction sector in September, pushed up primarily by residential housebuilders. Construction PMI beat expectations, coming in at 49.2 compared to 52.3 in August. Redrow's CEO welcomed the news and added that the government's announcement that it would invest in more house building was positive. However, he cautioned that the firm would watch closely for details to emerge in the run-up to the chancellor's Autumn Statement.
The IHS Markit purchasing managers' survey showed growth returning to the UK construction sector in September, pushed up primarily by residential housebuilders. Construction PMI beat expectations, coming in at 52.3 compared to 49.2 in August. Redrow's CEO welcomed the news and added that the government's announcement that it would invest in more house building was positive. However, he cautioned that the firm would watch closely for details to emerge in the run-up to the chancellor's Autumn Statement.