ukwirednews
Business
UK construction activity slows to 'near stagnation'
Published: 4th Oct 2011 11:11:00
Activity in the UK construction sector slowed to "near stagnation" in September, a closely-watched survey has suggested.
The Markit/Cips construction purchasing managers' index (PMI) fell to 50.1, just fractionally above the 50 "no-change" threshold that separates expansion from contraction.
In August, the index had read 52.6.
Markit said fewer new orders was the reason behind the slowdown, but added that staffing levels rose slightly.
Confidence in the sector remained relatively subdued, the research group said.
Also on Tuesday, builders' merchant Wolseley announced a return to full-year profit but said recent weaker economic forecasts were likely to have an impact on its markets.
On Monday, Markit/Cips data showed surprise growth in the manufacturing sector.
Harvard Citation
BBC News, 2011. UK construction activity slows to 'near stagnation'. [Online] (Updated 04 Oct 2011)Available at: http://www.ukwirednews.com/news.php/191081-UK-construction-activity-slows-to-near-stagnation [Accessed 20th June 2013]
More Business News
-
Federal Reserve maintains pace of asset purchases
The US Federal Reserve has maintained the rate of its asset purchase programme at $85bn (£54bn) a month, aimed at boosting the economy.... -
Dolce and Gabbana sentenced to jail for tax evasion
Italian fashion designers Domenico Dolce and Stefano Gabbana have been sentenced to jail in Italy for one year and eight months for tax evas... -
Drug firms fined for blocking rivals
Nine drug companies have been fined for delaying cheaper generic drugs coming to market.... -
BT Boss goes in to bat For Britain
He's the latest big name from the corporate world to make the journey into politics - so what does BT's Ian Livingston bring to hi... -
IMF: Spain making strong progress but jobs boost needed
Spain has made strong progress towards fixing its economy, according to the International Monetary Fund (IMF).... -
Royal Mail workers vote against privatisation
Royal Mail workers have voted strongly against the government's proposals to privatise the postal group.... -
Ian Livingston to leave BT to become trade minister
BT chief executive Ian Livingston is to step down in September to become a UK government trade minister.... -
BT complains to Ofcom about Sky Sports TV supply
UK telecoms regulator Ofcom is to launch an investigation into BSkyB over the supply of its sports channels to rival broadcasters.... -
How do you prepare for a lifetime of renting?
In much of the UK many young people have no prospect of getting on the property ladder. So how can they prepare for decades of renting?... -
George Osborne set to outline Lloyds and RBS plans
The Chancellor, George Osborne, is expected to outline the government's plans for the future of Lloyds and Royal Bank of Scotland durin...
Latest News
-
At 22:43:21 in Technology
Microsoft U-turn in Xbox One games row
Microsoft has made a dramatic U-turn over its decision to impose restrictions on pre-owned titles on its new Xbox One console.... -
At 22:38:14 in Headlines
Serena Williams apologises for Steubenville rape quotes
World tennis number one Serena Williams has apologised after reportedly appearing to criticise the victim in a high-profile US rape case.... -
At 22:21:17 in Politics
Bank governor to be made Lord King
Retiring Bank of England governor Sir Mervyn King is to be made a peer.... -
At 22:09:30 in Northern Ireland
Osborne hints at Ulster Bank sell-off in break-up of RBS
The chancellor of the exchequer has raised the possibility of Ulster Bank being sold off from its parent Royal Bank of Scotland (RBS).... -
At 22:03:30 in Wales
Injured biker Dylan Lewis finishes Deiniolen 10k Race on crutches
A motorcyclist who broke his back and legs in a crash has done a 10km (six-mile) race on crutches to raise money for the A&E department that... -
At 22:01:05 in Politics
Work Programme not doing enough for sick and disabled, providers say
Providers of the government's flagship Work Programme have told ministers the costs of helping sick and disabled jobseekers into employ... -
At 21:57:28 in England
David Cameron defends children's heart surgery review
David Cameron has defended the decision to re-examine the future of children's heart surgery in England after it was raised in the Hous... -
At 21:47:04 in England
Record fine for Birmingham-based home finance trader
A home finance arranger has been fined nearly £1m, a record sum, for misleading homeowners when selling and renting back their properties.... -
At 21:27:44 in Wales
Snowdon: Woman rescued after cafe worker hears her cries
A woman was rescued on Snowdon after a worker in the cafe on the mountain's summit heard her cries for help.... -
At 21:26:13 in Scotland
RBS break-up backed by first minister
The first minister has backed a break-up of RBS to split its risky investment bank from its mainstream retail and business lending arm....
News In Other Categories
-
Naked mole-rat gives cancer clues
A rodent that never gets cancer could hold the key to preventing or treating malignant tumours, say scientists.... -
David Cameron defends children's heart surgery review
David Cameron has defended the decision to re-examine the future of children's heart surgery in England after it was raised in the Hous... -
Bristol Academy extends reach overseas with first foreign students
With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol ba... -
Bank governor to be made Lord King
Retiring Bank of England governor Sir Mervyn King is to be made a peer.... -
Early Mars atmosphere 'oxygen-rich'
Mars' atmosphere could have been rich in oxygen four billion years ago - well before Earth's air became augmented with the gas.... -
Sally Gardner novel Maggot Moon wins Carnegie Medal
Sally Gardner, a dyslexic author once branded "unteachable" at school, has won the prestigious Carnegie Medal for her book Maggot ...



