Christmas comes early for UK builders as the sector shrugs off political turmoil

Christmas comes early for UK builders as the sector shrugs off political turmoil

THE building trade is shrugging off political turmoil and wobbling economic sentiment to grow much faster than analysts were expecting.

Today the Purchasing Managers’ Index for November came in at 53.4 — better than the market expected and beating the figures for October. This was dubbed “an early and unexpected Christmas present”, for the sector and the wider economy.

Any number above 50 indicates growth. Many had expected the construction sector to plunge into recession given ongoing Brexit turmoil.

Article taken from the Evening Standard, full story can be read here: https://www.standard.co.uk/business/christmas-comes-early-for-uk-builders-as-the-sector-shrugs-off-political-turmoil-a4007881.html