Britain’s builders have had their best month in more than two years as their European rivals suffer a ‘marked’ downturn.
The latest S&P Global construction purchasing managers’ index – where scores of more than 50 show growth – rose to 57.2 in September from 53.6 in August.
That is its highest since April 2022, with civil engineering, commercial building and housebuilding all growing strongly.
Building back: The latest S&P Global construction purchasing managers’ index – where scores of more than 50 show growth – rose to 57.2 in September from 53.6 in August
Tim Moore, economics director at S&P Global, said: ‘Lower interest rates, domestic economic stability and strong pipelines of infrastructure work have helped to boost order books in recent months.’
By contrast, builders in the eurozone recorded a score of just 42.9 last month.
That was up from 41.4 in August, but still well below the 50 mark, signalling the industry remains deep in recession.
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