Stakeholder - The Vinden Partnership

Reaction to Markit/CIPS UK construction PMI for December

Vinden Reaction to Markit:CIPS UK construction PMI for December

The Vinden Partnership says construction industry’s ability to weather Brexit uncertainty is remarkable.

December’s Markit/CIPS UK Construction PMI figures has revealed that construction industry output growth reached an 11-month high.

The construction PMI reading for December was 54.2, up from November’s figure of 52.8 – well above the threshold for growth of 50.0.

Housebuilding was a key driver in the better-than-expected figures and was the best performing sub-category as it enjoyed its sharpest growth rate since January.

The civil engineering sector, which had been a poor performer in recent months, also saw projects pick up at a robust pace throughout December.

Employment levels reached their highest levels since May but were still well down on the highs seen in mid-2013.

The was a positive outlook from respondents to the survey with 48% reporting that they expected to see a rise in business activity during the next 12 months, with only 13% forecasting a decrease.

Peter Vinden, Managing Director of The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment said: “The construction industry’s ability to weather the Brexit storm has been truly remarkable.

“The short term fortunes of the sector appear positive as housing and civil engineering projects have a strong pipeline of work. It is also encouraging to see employment levels heading in the right direction.

“Looking further ahead, the rising cost inflation remains a worry and of course the spectre of how the economy will react when Brexit becomes reality will be the acid test for the construction industry.”

  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

    View our latest Alexa ranking:

    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
    0800 6127680
    enquiries@promarkmedia.co.uk