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The Construction sector grows in June

July 4th, 2010

The construction sector has grown for the fourth successive month, newly-released figures have shown.

According to the Markit/Chartered Institute Purchasing and Supply’s (CIPS’) Purchasing Mangers’ Index for June, new orders are still being recorded.

David Noble, chief executive officer of CIPS, noted question marks still loom over the sustainability of the growth.

“Recovery in the second half of the year is likely to remain fragile and we are still a long way off seeing the industry operate the way it did pre-recession,” he added.

The specialist stated the proposed public sector job cuts could lead to concerns being expressed in the market.

Sarah Ledger, economist at Markit and author of the figures, observed one of the biggest stories was the dent in confidence in the industry.

Construction company Kier recently stated it has been successfully awarded two contracts by Islington council that will be worth between £14 and £20 million.

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