Bulletin

Construction on the rise in wake of election

The construction sector gained momentum in June, as the outcome of May's general election encouraged activity by housebuilders. Markit's purchasing managers' index for the sector rose by 2.2 points to 58.1, far stronger than the expected 0.6 point rise. The Markit survey showed that construction businesses are more optimistic about the coming 12 months than at any time over the past 11 years. However, subcontractor charges rose for a ninth consecutive month as rising demand places mounting strains on the availability of subcontractors and highlights persistent skill shortages.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…

Where Next?