Stakeholder - The Vinden Partnership


Reaction to Markit/CIPS UK construction PMI for February

Reaction to Markit:CIPS UK construction PMI for February

The Vinden Partnership expects the housebuilding sector to perform strongly over the coming months.

The latest Markit/CIPS UK Construction PMI figures revealed the UK construction industry recorded sustained growth in February.

The construction PMI reading for February was 52.5, up slightly on January’s 52.2 and above the growth threshold of 50.0.

The main driver of growth in February was civil engineering, taking the place of housebuilding as the strongest performing sector.

Residential building grew at its slowest pace for six months, while commercial building activity dropped for the first time since last October.

Positivity within the sector for the year ahead remained strong, with 48% forecasting an increase in business and only 13% expecting to see a decline.

A major reason behind the industry’s positivity was the continued strong demand for new housing, boosted by the government’s housing white paper.

Peter Vinden, Managing Director of The Vinden Partnership – a leading multi-disciplinary consultant company to the built environment, said: “The continued growth, albeit slightly soft, is welcome news.

“The slip in the housebuilding sector in February is a disappointment but given the positivity surrounding the continued demand for new homes and the government’s housing white paper, we can expect a stronger performance in the coming months.

“We have also seen strong end-of-year results posted by the big housebuilders this past week and they have spoke about confidence for the year ahead.

“The concern remains that input cost inflation will stifle growth in the sector as costs are passed on to clients.”

Contact Us

The Vinden Partnership

Regent House

Folds Point

Folds Road

Bolton

Lancashire

BL1 2RZ

Bolton – Telephone: 01204 362888

Nottingham - Telephone: 0115 947 5334

London – Telephone: 0845 504 9733

www.vinden.co.uk

 twitterfacebooklinkedin

Company eBook

Testimonials


Thank you to TVP for all your help on this incredibly successful project. We are very grateful for the leading role you have played as Quantity Surveyors and Employer’s Agent in making it come together without any major issues or disputes, which is quite a feat in the building industry.”



Oliver Jackson, Director of Strategy, Roberts Jackson Solicitors
  • 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