Construction activity rises at fastest rate for nine months

Latest PMI data by S&P and CIPS has found the headline construction PMI rose to 54.6 in February, up from 48.4 in January and the highest monthly reading since May 2022. Commercial work was the best-performing area in February (55.3), enjoying the steepest rate of expansion for nine months. Civil engineering activity also returned to…

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17,000 construction firms risk collapsing

The number of construction companies at significant risk of closure has jumped 54 per cent to 16,755 this quarter, up from 10,686, according to new data from Mazars. The analysis of quarterly data alone found that 5,900 more construction businesses have been added to the ‘at significant risk of insolvency’ category. Surging prices for essential…

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