Friday, 5 June 2009

Housebuilding on the Mend

The latest construction Purchasing Managers' Index (PMI) shows that housebuilding and orders showed a sharp improvement in May, much more so than commercial property construction and civil engineering.

"This data is a further sign that the UK economy is now past the worst of the recession, and may be moving closer to genuine growth," said Colin Ellis, economist at Daiwa Securities.

Courtesy of Globespan Media Limited

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