UK Construction Sector Shows Growth After Two Years

7 April 2010 (Last Updated April 7th, 2010 18:30)

The construction sector in the UK has seen growth for the first time since February 2008, according to the latest survey by the Chartered Institute of Purchasing and Supply. The survey of contractors and construction purchasers indicated a growth index rising almost five points to 53.

The construction sector in the UK has seen growth for the first time since February 2008, according to the latest survey by the Chartered Institute of Purchasing and Supply.

The survey of contractors and construction purchasers indicated a growth index rising almost five points to 53.1 with improved performance in the house-building sector.

Commercial activity grew as well, although work in civil engineering continued to decline.

Construction employment and use of subcontractors has fallen in March, according to building.co.uk.

The Chartered Institute of Purchasing and Supply chief executive officer David Noble said the recession hit the construction sector the hardest and that this upturn may be short-lived.