The latest Markit/CIPS survey reports a good December, giving cause for optmimism, says construction specialist.
Jason Heath, Bibby Financial Services’ construction specialist, said: “The latest Markit/CIPS survey, where a reading over 50 indicates growth, highlighted that the construction sector slowed down in January.”
“Although the numbers indicate a fall in productivity, the survey also revealed that construction managers and owners are feeling optimistic for the first time in eight months.”
“This optimism is perhaps down to construction firms having a particularly successful December – potentially due to milder weather conditions and infrastructure projects commencing – which surprised economists who had predicted a decline towards the end of 2011.”
“In order to retain this positive outlook, the Government needs to make funding the construction industry a priority by making it more accessible to firms so this sector can continue to provide a vital contribution to the UK economy.”