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British construction companies have had their best month in more than two years while their European rivals suffer a “marked” slowdown.
The latest S&P Global Construction Purchasing Managers’ Index, where scores of more than 50 show growth, rose to 57.2 in September from 53.6 in August.
This is its highest level since April 2022, with strong growth in civil engineering, commercial building and residential construction.
Rebuild: S&P Global’s latest Construction Purchasing Managers’ Index, where scores above 50 show growth, rose to 57.2 in September from 53.6 in August.
Tim Moore, chief economics officer at S&P Global, said: “Lower interest rates, domestic economic stability and strong infrastructure pipelines have helped boost order books in recent months.”
By contrast, eurozone builders posted a score of just 42.9 last month.
This figure was up from 41.4 in August, but is still well below the 50 mark, indicating that the industry remains mired in a deep recession.
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