News
CIPS figures show 22nd straight month of decline
06/01/2010
The latest figures from CIPS (Chartered Institute of Purchasing and SUpply) show a 22nd consecutive month of decline in the UK construction sector.
The CIPS/Markit construction purchasing managers’ index recorded a score of 47.1 in December, indicating a further decline in construction activity with a score below 50 indicating contraction.
The score of 47 is the same as November’s figure and above the score of 46 in October.
See the full story from Construction News here - http://www.cnplus.co.uk/5212453.article.
Brian Green has covered the numbers too on his Brickonomics blog - read his take on the CIPS numbers here - http://brickonomics.building.co.uk/2010/01/cips-figures-show-construction-activity-in-2009-ending-with-a-whimper/
