Construction industry buoyant in June amid post-election bounce
by Phillip Inman economics correspondent from on (#D2X9)
Markit/Cips PMI data signals a further rebound from the 22-month low recorded in April
UK building firms reported bulging order books in June to defy previous forecasts of a slow and steady recovery after the general election.
Construction data signalled a further rebound in the sector's output growth from the 22-month low recorded in April that many economists took to be a signal of nervousness ahead of an election that could have brought higher property taxes under a Labour-led coalition.
Related: 'At some point we will have no one coming into the construction industry'
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