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07 Jul 20201 minute read

Construction leads economic growth

ECAtoday
Construction leads economic growth

Construction output saw its sharpest monthly increase since June 2018, according to the IHS Markit/CIPS UK Construction Total Activity Index.

Residential work was the main source of the turnaround, while commercial work and civil engineering activity also returned to growth in June.

Tim Moore, Economics Director at IHS Markit, said to Construction Enquirer: “As the first major part of the UK economy to begin a phased return to work, the strong rebound in construction activity provides hope to other sectors that have suffered through the lockdown period.

“While it has taken time for the construction supply chain to adapt and rebuild capacity after widespread business closures, there is now clear evidence that a return to growth has been achieved.”

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